| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 26 | 49 | 9 | 2 | 2 | 20 | 11 | 6 | 2 | 5 | 16 | 13 | |||
| 2 | 27 | 45 | 9 | 0 | 5 | 27 | 21 | 5 | 3 | 5 | 19 | 18 | ||||
| 3 | Dumbarton | 25 | 44 | 8 | 5 | 1 | 26 | 11 | 4 | 3 | 4 | 17 | 20 | |||
| 4 | Stenhousemuir | 27 | 43 | 6 | 5 | 3 | 20 | 16 | 6 | 2 | 5 | 20 | 15 | |||
| 5 | Annan Athletic | 26 | 35 | 6 | 2 | 5 | 27 | 16 | 4 | 3 | 6 | 16 | 18 | |||
| 6 | Albion Rovers | 25 | 35 | 6 | 0 | 6 | 16 | 16 | 5 | 2 | 6 | 19 | 13 | |||
| 7 | Montrose | 26 | 33 | 4 | 3 | 7 | 14 | 20 | 5 | 3 | 4 | 16 | 18 | |||
| 8 | Forfar Athletic | 23 | 32 | 4 | 2 | 4 | 14 | 14 | 5 | 3 | 5 | 18 | 16 | |||
| 9 | 26 | 29 | 5 | 3 | 4 | 20 | 19 | 3 | 2 | 9 | 17 | 27 | ||||
| 10 | Elgin City | 25 | 15 | 3 | 2 | 7 | 11 | 23 | 1 | 1 | 11 | 9 | 37 | |||