| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | East Fife | 35 | 60 | 10 | 4 | 3 | 29 | 14 | 7 | 5 | 6 | 31 | 24 | |||
| 2 | Clyde | 39 | 60 | 8 | 6 | 5 | 26 | 20 | 8 | 6 | 6 | 27 | 22 | |||
| 3 | Annan Athletic | 38 | 57 | 8 | 6 | 3 | 38 | 29 | 7 | 6 | 8 | 28 | 25 | |||
| 4 | Elgin City | 36 | 55 | 10 | 7 | 1 | 31 | 14 | 5 | 3 | 10 | 23 | 31 | |||
| 5 | 38 | 53 | 10 | 7 | 4 | 29 | 22 | 4 | 4 | 9 | 15 | 24 | ||||
| 6 | Queen's Park | 37 | 52 | 7 | 6 | 6 | 21 | 18 | 5 | 10 | 3 | 16 | 12 | |||
| 7 | Stirling Albion | 38 | 50 | 8 | 6 | 6 | 25 | 20 | 4 | 8 | 6 | 17 | 19 | |||
| 8 | Montrose | 36 | 42 | 8 | 5 | 4 | 27 | 24 | 2 | 7 | 10 | 20 | 39 | |||
| 9 | Arbroath | 38 | 41 | 4 | 8 | 8 | 16 | 19 | 6 | 3 | 9 | 22 | 26 | |||
| 10 | 39 | 33 | 5 | 3 | 11 | 18 | 38 | 3 | 6 | 11 | 19 | 38 | ||||