| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 33 | 59 | 11 | 4 | 2 | 25 | 13 | 6 | 4 | 6 | 18 | 17 | |||
| 2 | Dumbarton | 33 | 58 | 9 | 5 | 2 | 28 | 13 | 7 | 5 | 5 | 24 | 22 | |||
| 3 | 33 | 55 | 10 | 1 | 6 | 30 | 27 | 7 | 3 | 6 | 23 | 21 | ||||
| 4 | Annan Athletic | 33 | 49 | 8 | 3 | 5 | 33 | 19 | 6 | 4 | 7 | 21 | 21 | |||
| 5 | Stenhousemuir | 33 | 49 | 6 | 5 | 5 | 20 | 19 | 8 | 2 | 7 | 28 | 23 | |||
| 6 | Forfar Athletic | 33 | 49 | 6 | 4 | 7 | 22 | 24 | 8 | 3 | 5 | 25 | 17 | |||
| 7 | Montrose | 33 | 45 | 6 | 3 | 7 | 20 | 23 | 7 | 3 | 7 | 23 | 24 | |||
| 8 | Albion Rovers | 33 | 39 | 6 | 2 | 9 | 18 | 23 | 5 | 4 | 7 | 21 | 19 | |||
| 9 | 33 | 36 | 6 | 4 | 7 | 24 | 28 | 4 | 2 | 10 | 21 | 29 | ||||
| 10 | Elgin City | 33 | 23 | 4 | 2 | 10 | 14 | 30 | 2 | 3 | 12 | 15 | 41 | |||