| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Albion Rovers | 39 | 71 | 14 | 5 | 1 | 39 | 19 | 7 | 3 | 9 | 26 | 29 | |||
| 2 | Alloa Athletic | 39 | 62 | 12 | 6 | 1 | 42 | 20 | 5 | 5 | 10 | 24 | 28 | |||
| 3 | Brechin City | 39 | 58 | 8 | 5 | 6 | 27 | 24 | 7 | 8 | 5 | 31 | 25 | |||
| 4 | Stirling Albion | 39 | 57 | 10 | 6 | 3 | 31 | 20 | 5 | 6 | 9 | 33 | 35 | |||
| 5 | Montrose | 39 | 56 | 10 | 4 | 5 | 25 | 25 | 5 | 7 | 8 | 29 | 30 | |||
| 6 | East Fife | 39 | 55 | 9 | 8 | 3 | 31 | 21 | 5 | 5 | 9 | 25 | 34 | |||
| 7 | Cowdenbeath | 39 | 53 | 6 | 11 | 2 | 30 | 27 | 7 | 3 | 10 | 18 | 25 | |||
| 8 | 39 | 50 | 10 | 3 | 7 | 31 | 31 | 3 | 8 | 8 | 23 | 27 | ||||
| 9 | Queen's Park | 39 | 48 | 8 | 7 | 4 | 26 | 20 | 2 | 11 | 7 | 24 | 29 | |||
| 10 | Stranraer | 39 | 48 | 6 | 8 | 6 | 30 | 31 | 6 | 4 | 9 | 29 | 33 | |||
| 11 | Arbroath | 39 | 48 | 5 | 6 | 9 | 29 | 40 | 6 | 9 | 4 | 27 | 23 | |||
| 12 | Dumbarton | 39 | 46 | 10 | 2 | 8 | 28 | 27 | 2 | 8 | 9 | 17 | 28 | |||
| 13 | 39 | 43 | 5 | 7 | 7 | 18 | 26 | 5 | 6 | 9 | 32 | 33 | ||||
| 14 | Stenhousemuir | 39 | 38 | 6 | 8 | 6 | 27 | 24 | 3 | 3 | 13 | 17 | 35 | |||