| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 35 | 87 | 14 | 2 | 2 | 40 | 8 | 14 | 1 | 2 | 35 | 14 | |||
| 2 | Stranraer | 35 | 64 | 10 | 3 | 5 | 29 | 21 | 9 | 4 | 4 | 36 | 22 | |||
| 3 | Montrose | 35 | 59 | 9 | 3 | 6 | 31 | 22 | 8 | 5 | 4 | 27 | 11 | |||
| 4 | Arbroath | 35 | 51 | 6 | 6 | 5 | 24 | 20 | 8 | 3 | 7 | 30 | 27 | |||
| 5 | Elgin City | 35 | 47 | 9 | 2 | 6 | 34 | 28 | 4 | 6 | 8 | 21 | 35 | |||
| 6 | Stenhousemuir | 35 | 45 | 6 | 5 | 7 | 23 | 27 | 6 | 4 | 7 | 22 | 31 | |||
| 7 | Albion Rovers | 35 | 36 | 4 | 6 | 7 | 27 | 33 | 5 | 3 | 10 | 22 | 33 | |||
| 8 | Dumbarton | 35 | 36 | 7 | 5 | 6 | 17 | 19 | 2 | 4 | 11 | 13 | 28 | |||
| 9 | Forfar Athletic | 35 | 32 | 6 | 2 | 9 | 19 | 25 | 2 | 6 | 10 | 15 | 36 | |||
| 10 | 35 | 31 | 5 | 3 | 9 | 29 | 34 | 4 | 1 | 13 | 16 | 36 | ||||