| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 21 | 44 | 8 | 1 | 2 | 19 | 11 | 6 | 1 | 3 | 15 | 10 | |||
| 2 | Stenhousemuir | 23 | 40 | 5 | 5 | 1 | 17 | 10 | 6 | 2 | 4 | 20 | 14 | |||
| 3 | Dumbarton | 20 | 34 | 5 | 4 | 1 | 20 | 10 | 4 | 3 | 3 | 16 | 17 | |||
| 4 | 22 | 33 | 8 | 0 | 5 | 24 | 20 | 2 | 3 | 4 | 11 | 15 | ||||
| 5 | Montrose | 23 | 33 | 4 | 3 | 5 | 13 | 15 | 5 | 3 | 3 | 16 | 17 | |||
| 6 | Albion Rovers | 20 | 29 | 4 | 0 | 5 | 12 | 12 | 5 | 2 | 4 | 19 | 11 | |||
| 7 | Annan Athletic | 21 | 28 | 4 | 2 | 5 | 20 | 16 | 4 | 2 | 4 | 13 | 13 | |||
| 8 | Forfar Athletic | 18 | 22 | 2 | 2 | 4 | 7 | 9 | 4 | 2 | 4 | 15 | 14 | |||
| 9 | 22 | 22 | 4 | 2 | 4 | 18 | 18 | 2 | 2 | 8 | 11 | 21 | ||||
| 10 | Elgin City | 20 | 9 | 1 | 2 | 7 | 9 | 23 | 1 | 1 | 8 | 8 | 27 | |||