| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Clyde | 39 | 83 | 11 | 6 | 2 | 35 | 16 | 13 | 5 | 2 | 44 | 22 | |||
| 2 | Arbroath | 39 | 70 | 12 | 5 | 2 | 34 | 16 | 8 | 5 | 7 | 28 | 34 | |||
| 3 | Alloa Athletic | 39 | 69 | 9 | 6 | 4 | 33 | 25 | 10 | 6 | 4 | 33 | 17 | |||
| 4 | 39 | 68 | 14 | 4 | 2 | 46 | 15 | 6 | 4 | 9 | 20 | 23 | ||||
| 5 | Brechin City | 39 | 64 | 9 | 5 | 5 | 28 | 19 | 9 | 5 | 6 | 33 | 24 | |||
| 6 | Forfar Athletic | 39 | 60 | 11 | 6 | 3 | 35 | 12 | 4 | 9 | 6 | 24 | 23 | |||
| 7 | East Fife | 39 | 51 | 7 | 5 | 8 | 23 | 24 | 7 | 4 | 8 | 25 | 27 | |||
| 8 | Stirling Albion | 39 | 47 | 9 | 5 | 6 | 25 | 18 | 3 | 6 | 10 | 14 | 26 | |||
| 9 | Cowdenbeath | 39 | 46 | 8 | 6 | 6 | 34 | 26 | 3 | 7 | 9 | 17 | 31 | |||
| 10 | Albion Rovers | 39 | 44 | 8 | 3 | 8 | 28 | 28 | 5 | 2 | 13 | 24 | 46 | |||
| 11 | Montrose | 39 | 44 | 8 | 4 | 8 | 28 | 31 | 4 | 4 | 11 | 21 | 43 | |||
| 12 | Meadowbank Thistle | 39 | 40 | 8 | 6 | 6 | 34 | 29 | 2 | 4 | 13 | 15 | 33 | |||
| 13 | Stenhousemuir | 39 | 39 | 6 | 5 | 8 | 22 | 28 | 5 | 1 | 14 | 19 | 37 | |||
| 14 | Stranraer | 39 | 27 | 5 | 1 | 13 | 22 | 44 | 2 | 5 | 13 | 14 | 41 | |||