| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 36 | 76 | +45 | 22 | 10 | 4 | 75 | 30 | |
| 2 | Cowdenbeath | 36 | 76 | +27 | 23 | 7 | 6 | 58 | 31 |
| 3 | Brechin City | 36 | 72 | +35 | 22 | 6 | 8 | 71 | 36 |
| 4 | East Fife | 36 | 53 | +3 | 15 | 8 | 13 | 49 | 46 |
| 5 | Peterhead | 36 | 49 | 0 | 13 | 10 | 13 | 46 | 46 |
| 6 | Dumbarton | 36 | 45 | -3 | 13 | 6 | 17 | 46 | 49 |
| 7 | Albion Rovers | 36 | 45 | -5 | 12 | 9 | 15 | 38 | 43 |
| 8 | 36 | 37 | -32 | 10 | 7 | 19 | 37 | 69 | |
| 9 | Montrose | 36 | 26 | -34 | 6 | 8 | 22 | 31 | 65 |
| 10 | Elgin City | 36 | 22 | -36 | 5 | 7 | 24 | 29 | 65 |