| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 36 | 88 | 14 | 2 | 2 | 40 | 8 | 14 | 2 | 2 | 37 | 16 | |||
| 2 | Stranraer | 36 | 65 | 10 | 3 | 5 | 29 | 21 | 9 | 5 | 4 | 36 | 22 | |||
| 3 | Montrose | 36 | 59 | 9 | 3 | 6 | 31 | 22 | 8 | 5 | 5 | 28 | 14 | |||
| 4 | Arbroath | 36 | 52 | 6 | 7 | 5 | 24 | 20 | 8 | 3 | 7 | 30 | 27 | |||
| 5 | Stenhousemuir | 36 | 48 | 6 | 5 | 7 | 23 | 27 | 7 | 4 | 7 | 27 | 32 | |||
| 6 | Elgin City | 36 | 47 | 9 | 2 | 7 | 35 | 33 | 4 | 6 | 8 | 21 | 35 | |||
| 7 | Albion Rovers | 36 | 37 | 4 | 7 | 7 | 29 | 35 | 5 | 3 | 10 | 22 | 33 | |||
| 8 | Dumbarton | 36 | 37 | 7 | 5 | 6 | 17 | 19 | 2 | 5 | 11 | 14 | 29 | |||
| 9 | 36 | 34 | 6 | 3 | 9 | 32 | 35 | 4 | 1 | 13 | 16 | 36 | ||||
| 10 | Forfar Athletic | 36 | 33 | 6 | 3 | 9 | 20 | 26 | 2 | 6 | 10 | 15 | 36 | |||