| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Clyde | 35 | 58 | 8 | 4 | 5 | 23 | 17 | 8 | 6 | 4 | 26 | 17 | |||
| 2 | East Fife | 31 | 55 | 9 | 4 | 3 | 26 | 14 | 7 | 3 | 5 | 31 | 22 | |||
| 3 | Annan Athletic | 34 | 52 | 7 | 6 | 2 | 33 | 25 | 7 | 4 | 8 | 26 | 23 | |||
| 4 | Elgin City | 32 | 49 | 10 | 5 | 1 | 28 | 11 | 4 | 2 | 10 | 20 | 31 | |||
| 5 | Stirling Albion | 34 | 46 | 8 | 4 | 6 | 25 | 20 | 4 | 6 | 6 | 15 | 17 | |||
| 6 | Queen's Park | 33 | 44 | 6 | 5 | 6 | 18 | 16 | 4 | 9 | 3 | 12 | 11 | |||
| 7 | 34 | 43 | 8 | 7 | 4 | 24 | 22 | 3 | 3 | 9 | 13 | 23 | ||||
| 8 | Arbroath | 34 | 39 | 4 | 6 | 7 | 15 | 17 | 6 | 3 | 8 | 21 | 22 | |||
| 9 | Montrose | 32 | 39 | 8 | 4 | 4 | 26 | 23 | 2 | 5 | 9 | 17 | 33 | |||
| 10 | 35 | 29 | 5 | 2 | 9 | 18 | 32 | 2 | 6 | 11 | 16 | 37 | ||||