| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Clyde | 40 | 63 | 9 | 6 | 5 | 29 | 21 | 8 | 6 | 6 | 27 | 22 | |||
| 2 | East Fife | 36 | 61 | 10 | 5 | 3 | 30 | 15 | 7 | 5 | 6 | 31 | 24 | |||
| 3 | Annan Athletic | 39 | 60 | 9 | 6 | 3 | 39 | 29 | 7 | 6 | 8 | 28 | 25 | |||
| 4 | Elgin City | 37 | 58 | 11 | 7 | 1 | 35 | 15 | 5 | 3 | 10 | 23 | 31 | |||
| 5 | 39 | 53 | 10 | 7 | 4 | 29 | 22 | 4 | 4 | 10 | 15 | 25 | ||||
| 6 | Queen's Park | 38 | 52 | 7 | 6 | 6 | 21 | 18 | 5 | 10 | 4 | 16 | 13 | |||
| 7 | Stirling Albion | 39 | 50 | 8 | 6 | 6 | 25 | 20 | 4 | 8 | 7 | 18 | 22 | |||
| 8 | Montrose | 37 | 45 | 9 | 5 | 4 | 28 | 24 | 2 | 7 | 10 | 20 | 39 | |||
| 9 | Arbroath | 39 | 41 | 4 | 8 | 8 | 16 | 19 | 6 | 3 | 10 | 23 | 30 | |||
| 10 | 40 | 34 | 5 | 3 | 11 | 18 | 38 | 3 | 7 | 11 | 20 | 39 | ||||