| Home | Away | |||||||||||||
| P | W | D | L | F | A | W | D | L | F | A | GD | Pt | ||
| 1 | East Fife | 36 | 14 | 2 | 2 | 40 | 8 | 14 | 2 | 2 | 37 | 16 | +53 | 88 |
| 2 | Montrose | 49 | 11 | 5 | 8 | 38 | 29 | 12 | 7 | 6 | 38 | 21 | +26 | 81 |
| 3 | Stenhousemuir | 49 | 9 | 8 | 7 | 33 | 31 | 12 | 5 | 8 | 41 | 40 | +3 | 76 |
| 4 | Stranraer | 36 | 10 | 3 | 5 | 29 | 21 | 9 | 5 | 4 | 36 | 22 | +22 | 65 |
| 5 | Dumbarton | 49 | 10 | 7 | 7 | 31 | 27 | 5 | 8 | 12 | 27 | 41 | -10 | 60 |
| 6 | Elgin City | 49 | 10 | 3 | 12 | 43 | 49 | 5 | 7 | 12 | 26 | 49 | -29 | 55 |
| 7 | East Stirlingshire | 49 | 11 | 3 | 11 | 46 | 45 | 5 | 3 | 16 | 22 | 46 | -23 | 54 |
| 8 | Albion Rovers | 49 | 6 | 7 | 12 | 37 | 46 | 8 | 4 | 12 | 36 | 39 | -12 | 53 |
| 9 | Arbroath | 36 | 6 | 7 | 5 | 24 | 20 | 8 | 3 | 7 | 30 | 27 | +7 | 52 |
| 10 | Forfar Athletic | 49 | 7 | 5 | 13 | 26 | 35 | 6 | 8 | 10 | 28 | 41 | -22 | 52 |
| 11 | Cowdenbeath | 13 | 4 | 1 | 2 | 12 | 10 | 3 | 0 | 3 | 6 | 6 | +2 | 22 |
| 12 | Annan Athletic | 13 | 1 | 1 | 4 | 7 | 12 | 3 | 1 | 3 | 10 | 12 | -7 | 14 |
| 13 | Berwick Rangers | 13 | 2 | 2 | 2 | 9 | 9 | 0 | 1 | 6 | 5 | 15 | -10 | 9 |
Points based on points system that applied at the time
Goal difference then goals scored applies when teams are level on points







