| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen's Park | 21 | 43 | 6 | 5 | 0 | 16 | 4 | 5 | 5 | 0 | 15 | 6 | |||
| 2 | Arbroath | 23 | 39 | 5 | 4 | 2 | 17 | 8 | 5 | 5 | 2 | 23 | 12 | |||
| 3 | Albion Rovers | 23 | 39 | 4 | 5 | 1 | 12 | 6 | 5 | 7 | 1 | 17 | 7 | |||
| 4 | Annan Athletic | 24 | 35 | 6 | 5 | 2 | 20 | 14 | 2 | 6 | 3 | 8 | 10 | |||
| 5 | 23 | 26 | 3 | 7 | 1 | 18 | 10 | 2 | 4 | 6 | 9 | 14 | ||||
| 6 | Elgin City | 24 | 21 | 0 | 10 | 3 | 2 | 10 | 2 | 5 | 4 | 11 | 15 | |||
| 7 | Clyde | 22 | 20 | 2 | 4 | 6 | 10 | 18 | 2 | 4 | 4 | 8 | 14 | |||
| 8 | Montrose | 24 | 20 | 1 | 2 | 8 | 9 | 25 | 2 | 9 | 2 | 12 | 15 | |||
| 9 | 21 | 19 | 1 | 3 | 6 | 7 | 17 | 3 | 4 | 4 | 7 | 15 | ||||
| 10 | Stirling Albion | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 11 | Peterhead | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||