| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Annan Athletic | 16 | 31 | 5 | 3 | 0 | 16 | 8 | 4 | 1 | 3 | 11 | 10 | |||
| 2 | Clyde | 16 | 28 | 5 | 1 | 2 | 17 | 10 | 3 | 3 | 2 | 9 | 5 | |||
| 3 | Elgin City | 16 | 26 | 6 | 1 | 0 | 19 | 6 | 2 | 1 | 6 | 12 | 19 | |||
| 4 | Queen's Park | 16 | 24 | 4 | 1 | 3 | 11 | 7 | 3 | 2 | 3 | 8 | 8 | |||
| 5 | Stirling Albion | 16 | 24 | 3 | 1 | 3 | 9 | 8 | 4 | 2 | 3 | 11 | 10 | |||
| 6 | East Fife | 16 | 22 | 4 | 2 | 2 | 14 | 7 | 2 | 2 | 4 | 10 | 12 | |||
| 7 | Montrose | 16 | 20 | 5 | 2 | 2 | 15 | 9 | 1 | 0 | 6 | 7 | 15 | |||
| 8 | 16 | 17 | 5 | 1 | 2 | 13 | 10 | 0 | 1 | 7 | 8 | 24 | ||||
| 9 | Arbroath | 16 | 16 | 2 | 2 | 4 | 7 | 10 | 2 | 2 | 4 | 10 | 13 | |||
| 10 | 16 | 16 | 3 | 2 | 4 | 11 | 17 | 1 | 2 | 4 | 6 | 16 | ||||