| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 27 | 49 | 9 | 2 | 2 | 20 | 11 | 6 | 2 | 6 | 17 | 16 | |||
| 2 | 28 | 45 | 9 | 0 | 6 | 27 | 25 | 5 | 3 | 5 | 19 | 18 | ||||
| 3 | Dumbarton | 26 | 44 | 8 | 5 | 1 | 26 | 11 | 4 | 3 | 5 | 17 | 21 | |||
| 4 | Stenhousemuir | 28 | 43 | 6 | 5 | 3 | 20 | 16 | 6 | 2 | 6 | 20 | 17 | |||
| 5 | Annan Athletic | 27 | 38 | 7 | 2 | 5 | 30 | 17 | 4 | 3 | 6 | 16 | 18 | |||
| 6 | Montrose | 27 | 36 | 5 | 3 | 7 | 15 | 20 | 5 | 3 | 4 | 16 | 18 | |||
| 7 | Forfar Athletic | 24 | 35 | 5 | 2 | 4 | 18 | 14 | 5 | 3 | 5 | 18 | 16 | |||
| 8 | Albion Rovers | 26 | 35 | 6 | 0 | 6 | 16 | 16 | 5 | 2 | 7 | 19 | 17 | |||
| 9 | 27 | 32 | 5 | 3 | 4 | 20 | 19 | 4 | 2 | 9 | 21 | 27 | ||||
| 10 | Elgin City | 26 | 18 | 4 | 2 | 7 | 13 | 23 | 1 | 1 | 11 | 9 | 37 | |||