| Position |
Team |
Played |
Goal Diff. |
Points |
| 1 |
Cowdenbeath |
36 |
47 |
76 |
| 2 |
Berwick |
36 |
27 |
76 |
| 3 |
Stenhousemuir |
36 |
40 |
73 |
| 4 |
Arbroath |
36 |
10 |
55 |
| 5 |
Elgin |
36 |
-3 |
52 |
| 6 |
Queens Park |
36 |
5 |
51 |
| 7 |
East Fife |
36 |
-16 |
43 |
| 8 |
Albion |
36 |
-21 |
29 |
| 9 |
Montrose |
36 |
-28 |
28 |
| 10 |
East Stirling |
36 |
-61 |
23 |
|
