| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 22 | 55 | 10 | 0 | 1 | 33 | 5 | 8 | 1 | 2 | 22 | 12 | |||
| 2 | Montrose | 22 | 37 | 4 | 2 | 5 | 17 | 13 | 7 | 2 | 2 | 21 | 6 | |||
| 3 | Stranraer | 20 | 34 | 6 | 2 | 3 | 19 | 13 | 4 | 2 | 3 | 20 | 16 | |||
| 4 | Stenhousemuir | 21 | 29 | 5 | 1 | 5 | 15 | 17 | 3 | 4 | 3 | 13 | 20 | |||
| 5 | Arbroath | 19 | 28 | 3 | 4 | 2 | 17 | 12 | 4 | 3 | 3 | 18 | 20 | |||
| 6 | Albion Rovers | 20 | 24 | 4 | 3 | 4 | 25 | 25 | 3 | 0 | 6 | 10 | 19 | |||
| 7 | Elgin City | 20 | 24 | 4 | 1 | 4 | 19 | 15 | 3 | 2 | 6 | 12 | 26 | |||
| 8 | 20 | 23 | 4 | 1 | 5 | 21 | 22 | 3 | 1 | 6 | 14 | 24 | ||||
| 9 | Dumbarton | 20 | 19 | 4 | 3 | 3 | 12 | 10 | 1 | 1 | 8 | 7 | 19 | |||
| 10 | Forfar Athletic | 20 | 15 | 2 | 1 | 6 | 10 | 15 | 2 | 2 | 7 | 10 | 26 | |||