| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 27 | 67 | 12 | 0 | 2 | 36 | 6 | 10 | 1 | 2 | 26 | 12 | |||
| 2 | Montrose | 27 | 44 | 6 | 2 | 6 | 22 | 17 | 7 | 3 | 3 | 23 | 9 | |||
| 3 | Stranraer | 24 | 42 | 7 | 3 | 3 | 21 | 14 | 5 | 3 | 3 | 23 | 17 | |||
| 4 | Stenhousemuir | 26 | 37 | 5 | 3 | 6 | 18 | 23 | 5 | 4 | 3 | 16 | 21 | |||
| 5 | Arbroath | 24 | 34 | 3 | 4 | 4 | 18 | 17 | 6 | 3 | 4 | 23 | 22 | |||
| 6 | Elgin City | 24 | 31 | 5 | 1 | 4 | 21 | 16 | 4 | 3 | 7 | 16 | 29 | |||
| 7 | Albion Rovers | 24 | 29 | 4 | 4 | 4 | 25 | 25 | 4 | 1 | 7 | 17 | 24 | |||
| 8 | 23 | 23 | 4 | 1 | 6 | 21 | 23 | 3 | 1 | 8 | 14 | 26 | ||||
| 9 | Dumbarton | 24 | 22 | 5 | 3 | 5 | 15 | 18 | 1 | 1 | 9 | 8 | 22 | |||
| 10 | Forfar Athletic | 25 | 20 | 3 | 2 | 7 | 13 | 18 | 2 | 3 | 8 | 11 | 28 | |||