| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Elgin City | 24 | 41 | 8 | 3 | 0 | 22 | 6 | 4 | 2 | 7 | 19 | 25 | |||
| 2 | East Fife | 24 | 39 | 6 | 3 | 3 | 18 | 10 | 5 | 3 | 4 | 22 | 18 | |||
| 3 | Annan Athletic | 24 | 37 | 6 | 3 | 2 | 24 | 17 | 4 | 4 | 5 | 12 | 13 | |||
| 4 | Clyde | 24 | 35 | 5 | 4 | 3 | 17 | 12 | 4 | 4 | 4 | 13 | 11 | |||
| 5 | Stirling Albion | 24 | 33 | 4 | 4 | 4 | 11 | 11 | 4 | 5 | 3 | 12 | 11 | |||
| 6 | Queen's Park | 24 | 31 | 4 | 4 | 4 | 12 | 9 | 3 | 6 | 3 | 8 | 8 | |||
| 7 | Arbroath | 24 | 31 | 3 | 4 | 5 | 12 | 15 | 5 | 3 | 4 | 17 | 13 | |||
| 8 | Montrose | 24 | 30 | 7 | 3 | 3 | 22 | 16 | 1 | 3 | 7 | 9 | 19 | |||
| 9 | 24 | 26 | 3 | 6 | 4 | 13 | 19 | 3 | 2 | 6 | 11 | 18 | ||||
| 10 | 24 | 21 | 5 | 2 | 5 | 14 | 20 | 0 | 4 | 8 | 12 | 29 | ||||