| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 20 | 41 | 7 | 1 | 2 | 18 | 11 | 6 | 1 | 3 | 15 | 10 | |||
| 2 | Stenhousemuir | 21 | 36 | 4 | 5 | 1 | 13 | 8 | 6 | 1 | 4 | 19 | 13 | |||
| 3 | Dumbarton | 19 | 33 | 5 | 3 | 1 | 19 | 9 | 4 | 3 | 3 | 16 | 17 | |||
| 4 | Montrose | 21 | 31 | 4 | 2 | 5 | 12 | 14 | 5 | 2 | 3 | 15 | 16 | |||
| 5 | 20 | 30 | 7 | 0 | 4 | 23 | 19 | 2 | 3 | 4 | 11 | 15 | ||||
| 6 | Annan Athletic | 19 | 27 | 4 | 1 | 5 | 19 | 15 | 4 | 2 | 3 | 13 | 12 | |||
| 7 | Albion Rovers | 18 | 23 | 3 | 0 | 5 | 10 | 12 | 4 | 2 | 4 | 18 | 11 | |||
| 8 | Forfar Athletic | 17 | 22 | 2 | 2 | 4 | 7 | 9 | 4 | 2 | 3 | 15 | 12 | |||
| 9 | 21 | 21 | 4 | 2 | 4 | 18 | 18 | 2 | 1 | 8 | 10 | 20 | ||||
| 10 | Elgin City | 18 | 9 | 1 | 2 | 7 | 9 | 23 | 1 | 1 | 6 | 6 | 22 | |||