| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Annan Athletic | 12 | 23 | 3 | 2 | 0 | 10 | 5 | 4 | 0 | 3 | 11 | 10 | |||
| 2 | Elgin City | 12 | 20 | 5 | 1 | 0 | 15 | 4 | 1 | 1 | 4 | 6 | 10 | |||
| 3 | East Fife | 12 | 18 | 3 | 1 | 2 | 9 | 4 | 2 | 2 | 2 | 8 | 6 | |||
| 4 | Montrose | 12 | 18 | 5 | 0 | 1 | 14 | 6 | 1 | 0 | 5 | 6 | 12 | |||
| 5 | Clyde | 12 | 18 | 3 | 1 | 2 | 11 | 8 | 2 | 2 | 2 | 4 | 5 | |||
| 6 | Queen's Park | 12 | 16 | 2 | 1 | 3 | 9 | 7 | 3 | 0 | 3 | 8 | 8 | |||
| 7 | Stirling Albion | 12 | 15 | 1 | 1 | 3 | 3 | 6 | 3 | 2 | 2 | 8 | 8 | |||
| 8 | 12 | 15 | 3 | 2 | 2 | 9 | 9 | 1 | 1 | 3 | 6 | 15 | ||||
| 9 | Arbroath | 12 | 14 | 2 | 1 | 4 | 7 | 10 | 2 | 1 | 2 | 7 | 7 | |||
| 10 | 12 | 13 | 4 | 0 | 2 | 10 | 9 | 0 | 1 | 5 | 4 | 16 | ||||