| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 18 | 37 | 6 | 1 | 2 | 16 | 10 | 6 | 0 | 3 | 14 | 9 | |||
| 2 | Stenhousemuir | 19 | 36 | 4 | 5 | 0 | 12 | 5 | 6 | 1 | 3 | 19 | 12 | |||
| 3 | Montrose | 19 | 28 | 4 | 2 | 4 | 12 | 11 | 4 | 2 | 3 | 12 | 15 | |||
| 4 | Dumbarton | 17 | 27 | 4 | 3 | 1 | 18 | 9 | 3 | 3 | 3 | 14 | 16 | |||
| 5 | 18 | 27 | 6 | 0 | 4 | 20 | 17 | 2 | 3 | 3 | 11 | 11 | ||||
| 6 | Forfar Athletic | 16 | 22 | 2 | 2 | 4 | 7 | 9 | 4 | 2 | 2 | 13 | 9 | |||
| 7 | Annan Athletic | 17 | 21 | 3 | 1 | 5 | 15 | 15 | 3 | 2 | 3 | 10 | 12 | |||
| 8 | 19 | 21 | 4 | 2 | 3 | 17 | 16 | 2 | 1 | 7 | 9 | 18 | ||||
| 9 | Albion Rovers | 16 | 20 | 2 | 0 | 5 | 8 | 11 | 4 | 2 | 3 | 17 | 9 | |||
| 10 | Elgin City | 17 | 8 | 1 | 1 | 7 | 8 | 22 | 1 | 1 | 6 | 6 | 22 | |||