| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 25 | 42 | 7 | 3 | 3 | 20 | 11 | 5 | 3 | 4 | 22 | 18 | |||
| 2 | Elgin City | 25 | 42 | 8 | 4 | 0 | 22 | 6 | 4 | 2 | 7 | 19 | 25 | |||
| 3 | Stirling Albion | 26 | 39 | 6 | 4 | 4 | 20 | 12 | 4 | 5 | 3 | 12 | 11 | |||
| 4 | Annan Athletic | 25 | 38 | 6 | 4 | 2 | 27 | 20 | 4 | 4 | 5 | 12 | 13 | |||
| 5 | Clyde | 25 | 36 | 5 | 4 | 3 | 17 | 12 | 4 | 5 | 4 | 13 | 11 | |||
| 6 | Arbroath | 25 | 31 | 3 | 4 | 5 | 12 | 15 | 5 | 3 | 5 | 18 | 15 | |||
| 7 | Queen's Park | 25 | 31 | 4 | 4 | 5 | 12 | 12 | 3 | 6 | 3 | 8 | 8 | |||
| 8 | Montrose | 26 | 31 | 7 | 3 | 3 | 22 | 16 | 1 | 4 | 8 | 12 | 29 | |||
| 9 | 25 | 26 | 3 | 6 | 4 | 13 | 19 | 3 | 2 | 7 | 12 | 20 | ||||
| 10 | 25 | 24 | 5 | 2 | 5 | 14 | 20 | 1 | 4 | 8 | 15 | 29 | ||||