| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 36 | 76 | 14 | 2 | 2 | 51 | 18 | 10 | 2 | 6 | 30 | 16 | |||
| 2 | 36 | 76 | 11 | 4 | 3 | 28 | 14 | 12 | 3 | 3 | 26 | 13 | ||||
| 3 | Stenhousemuir | 36 | 73 | 13 | 1 | 4 | 45 | 17 | 10 | 3 | 5 | 33 | 21 | |||
| 4 | Arbroath | 36 | 55 | 12 | 2 | 4 | 35 | 18 | 4 | 5 | 9 | 22 | 29 | |||
| 5 | Elgin City | 36 | 52 | 6 | 5 | 7 | 28 | 30 | 9 | 2 | 7 | 27 | 28 | |||
| 6 | Queen's Park | 36 | 51 | 6 | 7 | 5 | 29 | 24 | 7 | 5 | 6 | 18 | 18 | |||
| 7 | East Fife | 36 | 43 | 9 | 2 | 7 | 24 | 24 | 4 | 2 | 12 | 24 | 40 | |||
| 8 | Albion Rovers | 36 | 29 | 4 | 4 | 10 | 20 | 31 | 3 | 4 | 11 | 19 | 29 | |||
| 9 | Montrose | 36 | 28 | 5 | 3 | 10 | 15 | 23 | 1 | 7 | 10 | 16 | 36 | |||
| 10 | 36 | 23 | 5 | 4 | 9 | 14 | 30 | 1 | 1 | 16 | 14 | 59 | ||||