| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Elgin City | 23 | 40 | 8 | 3 | 0 | 22 | 6 | 4 | 1 | 7 | 19 | 25 | |||
| 2 | East Fife | 23 | 38 | 6 | 3 | 3 | 18 | 10 | 5 | 2 | 4 | 20 | 16 | |||
| 3 | Annan Athletic | 23 | 36 | 6 | 3 | 2 | 24 | 17 | 4 | 3 | 5 | 12 | 13 | |||
| 4 | Clyde | 23 | 34 | 5 | 3 | 3 | 17 | 12 | 4 | 4 | 4 | 13 | 11 | |||
| 5 | Stirling Albion | 23 | 32 | 4 | 4 | 4 | 11 | 11 | 4 | 4 | 3 | 11 | 10 | |||
| 6 | Queen's Park | 23 | 30 | 4 | 3 | 4 | 12 | 9 | 3 | 6 | 3 | 8 | 8 | |||
| 7 | Arbroath | 23 | 30 | 3 | 3 | 5 | 11 | 14 | 5 | 3 | 4 | 17 | 13 | |||
| 8 | Montrose | 23 | 29 | 7 | 2 | 3 | 20 | 14 | 1 | 3 | 7 | 9 | 19 | |||
| 9 | 23 | 25 | 3 | 5 | 4 | 11 | 17 | 3 | 2 | 6 | 11 | 18 | ||||
| 10 | 23 | 20 | 5 | 2 | 5 | 14 | 20 | 0 | 3 | 8 | 10 | 27 | ||||