| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 30 | 74 | 12 | 1 | 2 | 36 | 6 | 12 | 1 | 2 | 31 | 12 | |||
| 2 | Montrose | 30 | 50 | 7 | 2 | 6 | 24 | 17 | 8 | 3 | 4 | 27 | 11 | |||
| 3 | Stranraer | 30 | 49 | 7 | 3 | 5 | 21 | 19 | 7 | 4 | 4 | 32 | 20 | |||
| 4 | Arbroath | 30 | 47 | 6 | 5 | 4 | 23 | 18 | 7 | 3 | 5 | 26 | 23 | |||
| 5 | Elgin City | 30 | 42 | 8 | 2 | 5 | 30 | 24 | 4 | 4 | 7 | 18 | 31 | |||
| 6 | Stenhousemuir | 30 | 41 | 5 | 4 | 6 | 20 | 25 | 6 | 4 | 5 | 20 | 26 | |||
| 7 | Albion Rovers | 30 | 32 | 4 | 5 | 6 | 26 | 30 | 4 | 3 | 8 | 18 | 26 | |||
| 8 | Dumbarton | 28 | 29 | 6 | 3 | 5 | 16 | 18 | 2 | 2 | 10 | 10 | 24 | |||
| 9 | Forfar Athletic | 29 | 29 | 6 | 2 | 7 | 16 | 18 | 2 | 3 | 9 | 12 | 31 | |||
| 10 | 29 | 23 | 4 | 1 | 9 | 25 | 33 | 3 | 1 | 11 | 14 | 33 | ||||