| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 26 | 45 | 8 | 3 | 3 | 21 | 11 | 5 | 3 | 4 | 22 | 18 | |||
| 2 | Elgin City | 26 | 42 | 8 | 4 | 0 | 22 | 6 | 4 | 2 | 8 | 20 | 28 | |||
| 3 | Annan Athletic | 27 | 41 | 6 | 4 | 2 | 27 | 20 | 5 | 4 | 6 | 15 | 16 | |||
| 4 | Clyde | 26 | 39 | 6 | 4 | 3 | 19 | 13 | 4 | 5 | 4 | 13 | 11 | |||
| 5 | Stirling Albion | 27 | 39 | 6 | 4 | 4 | 20 | 12 | 4 | 5 | 4 | 12 | 12 | |||
| 6 | Queen's Park | 26 | 34 | 4 | 4 | 5 | 12 | 12 | 4 | 6 | 3 | 9 | 8 | |||
| 7 | Montrose | 27 | 34 | 8 | 3 | 3 | 25 | 17 | 1 | 4 | 8 | 12 | 29 | |||
| 8 | Arbroath | 27 | 32 | 3 | 5 | 6 | 12 | 16 | 5 | 3 | 5 | 18 | 15 | |||
| 9 | 27 | 29 | 4 | 6 | 4 | 16 | 21 | 3 | 2 | 8 | 13 | 22 | ||||
| 10 | 27 | 25 | 5 | 2 | 6 | 14 | 21 | 1 | 5 | 8 | 15 | 29 | ||||