| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Clyde | 32 | 52 | 7 | 4 | 4 | 20 | 14 | 7 | 6 | 4 | 22 | 15 | |||
| 2 | East Fife | 29 | 51 | 9 | 3 | 3 | 25 | 13 | 6 | 3 | 5 | 25 | 22 | |||
| 3 | Elgin City | 30 | 48 | 10 | 4 | 1 | 27 | 10 | 4 | 2 | 9 | 20 | 29 | |||
| 4 | Annan Athletic | 31 | 46 | 6 | 6 | 2 | 32 | 25 | 6 | 4 | 7 | 20 | 21 | |||
| 5 | Stirling Albion | 32 | 43 | 7 | 4 | 5 | 22 | 14 | 4 | 6 | 6 | 15 | 17 | |||
| 6 | Queen's Park | 31 | 40 | 5 | 5 | 6 | 16 | 15 | 4 | 8 | 3 | 11 | 10 | |||
| 7 | 32 | 40 | 7 | 7 | 4 | 22 | 22 | 3 | 3 | 8 | 13 | 22 | ||||
| 8 | Montrose | 30 | 38 | 8 | 4 | 3 | 26 | 18 | 2 | 4 | 9 | 16 | 32 | |||
| 9 | Arbroath | 32 | 36 | 4 | 6 | 7 | 15 | 17 | 5 | 3 | 7 | 18 | 19 | |||
| 10 | 33 | 29 | 5 | 2 | 8 | 16 | 28 | 2 | 6 | 10 | 16 | 34 | ||||