| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 31 | 67 | 12 | 1 | 2 | 39 | 11 | 9 | 3 | 4 | 31 | 18 | |||
| 2 | 31 | 63 | 9 | 3 | 3 | 23 | 13 | 10 | 3 | 3 | 23 | 12 | ||||
| 3 | Cowdenbeath | 30 | 62 | 11 | 2 | 2 | 42 | 16 | 9 | 0 | 6 | 25 | 12 | |||
| 4 | Queen's Park | 31 | 46 | 6 | 5 | 5 | 25 | 20 | 6 | 5 | 4 | 16 | 15 | |||
| 5 | Arbroath | 31 | 43 | 9 | 2 | 4 | 31 | 17 | 3 | 5 | 8 | 18 | 25 | |||
| 6 | Elgin City | 31 | 43 | 5 | 5 | 6 | 24 | 27 | 7 | 2 | 6 | 21 | 25 | |||
| 7 | East Fife | 31 | 39 | 9 | 2 | 5 | 24 | 19 | 3 | 1 | 11 | 20 | 37 | |||
| 8 | Montrose | 31 | 26 | 5 | 3 | 7 | 13 | 16 | 1 | 5 | 10 | 13 | 33 | |||
| 9 | Albion Rovers | 31 | 25 | 3 | 3 | 10 | 17 | 30 | 3 | 4 | 8 | 16 | 22 | |||
| 10 | 30 | 19 | 4 | 3 | 8 | 11 | 27 | 1 | 1 | 13 | 13 | 50 | ||||