| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stirling Albion | 39 | 77 | 10 | 7 | 2 | 27 | 15 | 12 | 4 | 4 | 32 | 14 | |||
| 2 | Alloa Athletic | 39 | 70 | 10 | 7 | 2 | 44 | 18 | 9 | 6 | 5 | 29 | 27 | |||
| 3 | Dunfermline Athletic | 39 | 70 | 14 | 4 | 2 | 32 | 12 | 6 | 6 | 7 | 20 | 24 | |||
| 4 | Stranraer | 39 | 66 | 15 | 3 | 2 | 49 | 15 | 5 | 3 | 11 | 25 | 38 | |||
| 5 | Queen's Park | 39 | 62 | 11 | 4 | 4 | 35 | 21 | 6 | 7 | 7 | 30 | 30 | |||
| 6 | Albion Rovers | 39 | 57 | 9 | 7 | 3 | 44 | 28 | 6 | 5 | 9 | 30 | 33 | |||
| 7 | Clyde | 39 | 56 | 9 | 6 | 4 | 38 | 25 | 6 | 5 | 9 | 30 | 39 | |||
| 8 | Stenhousemuir | 39 | 50 | 10 | 1 | 9 | 22 | 21 | 5 | 4 | 10 | 16 | 28 | |||
| 9 | 39 | 49 | 9 | 4 | 7 | 23 | 23 | 4 | 6 | 9 | 14 | 28 | ||||
| 10 | 39 | 44 | 8 | 5 | 6 | 26 | 25 | 4 | 3 | 13 | 21 | 38 | ||||
| 11 | Cowdenbeath | 39 | 44 | 7 | 3 | 9 | 26 | 28 | 6 | 2 | 12 | 20 | 36 | |||
| 12 | Meadowbank Thistle | 39 | 40 | 6 | 9 | 5 | 27 | 26 | 2 | 7 | 10 | 14 | 31 | |||
| 13 | Brechin City | 39 | 33 | 4 | 7 | 9 | 27 | 33 | 3 | 5 | 11 | 24 | 44 | |||
| 14 | Forfar Athletic | 39 | 31 | 4 | 3 | 13 | 23 | 35 | 3 | 7 | 9 | 20 | 33 | |||