| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Dumbarton | 36 | 67 | +29 | 19 | 10 | 7 | 65 | 36 |
| 2 | Cowdenbeath | 36 | 63 | +14 | 18 | 9 | 9 | 48 | 34 |
| 3 | 36 | 61 | +7 | 19 | 4 | 13 | 57 | 50 | |
| 4 | Stenhousemuir | 36 | 56 | +9 | 16 | 8 | 12 | 55 | 46 |
| 5 | Montrose | 36 | 54 | -1 | 16 | 6 | 14 | 47 | 48 |
| 6 | Forfar Athletic | 36 | 51 | +2 | 14 | 9 | 13 | 53 | 51 |
| 7 | Annan Athletic | 36 | 50 | +11 | 14 | 8 | 14 | 56 | 45 |
| 8 | Albion Rovers | 36 | 39 | -8 | 11 | 6 | 19 | 39 | 47 |
| 9 | 36 | 37 | -15 | 10 | 7 | 19 | 46 | 61 | |
| 10 | Elgin City | 36 | 26 | -48 | 7 | 5 | 24 | 31 | 79 |