| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 22 | 50 | 9 | 0 | 1 | 31 | 8 | 7 | 2 | 3 | 20 | 14 | |||
| 2 | 22 | 44 | 6 | 2 | 2 | 17 | 9 | 7 | 3 | 2 | 17 | 10 | ||||
| 3 | Cowdenbeath | 21 | 40 | 7 | 1 | 2 | 22 | 10 | 6 | 0 | 5 | 15 | 10 | |||
| 4 | Queen's Park | 21 | 37 | 6 | 2 | 4 | 21 | 15 | 5 | 2 | 2 | 13 | 6 | |||
| 5 | East Fife | 23 | 29 | 6 | 2 | 4 | 16 | 16 | 3 | 0 | 8 | 14 | 25 | |||
| 6 | Arbroath | 21 | 28 | 7 | 1 | 2 | 25 | 12 | 1 | 3 | 7 | 10 | 21 | |||
| 7 | Elgin City | 22 | 27 | 3 | 5 | 4 | 15 | 17 | 4 | 1 | 5 | 11 | 15 | |||
| 8 | Albion Rovers | 21 | 21 | 2 | 3 | 6 | 13 | 21 | 3 | 3 | 4 | 13 | 15 | |||
| 9 | Montrose | 23 | 20 | 4 | 1 | 6 | 9 | 11 | 1 | 4 | 7 | 11 | 20 | |||
| 10 | 22 | 12 | 3 | 2 | 6 | 10 | 16 | 0 | 1 | 10 | 11 | 43 | ||||