| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Clyde | 18 | 31 | 5 | 1 | 3 | 17 | 12 | 4 | 3 | 2 | 12 | 7 | |||
| 2 | Annan Athletic | 18 | 31 | 5 | 3 | 1 | 18 | 11 | 4 | 1 | 4 | 11 | 11 | |||
| 3 | Elgin City | 18 | 30 | 7 | 2 | 0 | 21 | 6 | 2 | 1 | 6 | 12 | 19 | |||
| 4 | Stirling Albion | 18 | 27 | 4 | 1 | 4 | 11 | 11 | 4 | 2 | 3 | 11 | 10 | |||
| 5 | East Fife | 18 | 26 | 4 | 3 | 2 | 15 | 8 | 3 | 2 | 4 | 13 | 13 | |||
| 6 | Queen's Park | 18 | 25 | 4 | 1 | 4 | 11 | 8 | 3 | 3 | 3 | 8 | 8 | |||
| 7 | 18 | 22 | 3 | 2 | 4 | 11 | 17 | 3 | 2 | 4 | 11 | 16 | ||||
| 8 | Montrose | 18 | 21 | 5 | 2 | 2 | 15 | 9 | 1 | 1 | 7 | 8 | 18 | |||
| 9 | Arbroath | 18 | 20 | 2 | 3 | 4 | 7 | 10 | 3 | 2 | 4 | 12 | 13 | |||
| 10 | 18 | 18 | 5 | 1 | 3 | 13 | 14 | 0 | 2 | 7 | 8 | 24 | ||||