| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 23 | 48 | 9 | 1 | 2 | 20 | 11 | 6 | 2 | 3 | 16 | 11 | |||
| 2 | Stenhousemuir | 25 | 40 | 5 | 5 | 2 | 18 | 12 | 6 | 2 | 5 | 20 | 15 | |||
| 3 | 24 | 39 | 9 | 0 | 5 | 27 | 21 | 3 | 3 | 4 | 13 | 15 | ||||
| 4 | Dumbarton | 22 | 35 | 5 | 5 | 1 | 21 | 11 | 4 | 3 | 4 | 17 | 20 | |||
| 5 | Montrose | 25 | 33 | 4 | 3 | 6 | 13 | 17 | 5 | 3 | 4 | 16 | 18 | |||
| 6 | Albion Rovers | 22 | 32 | 5 | 0 | 5 | 14 | 13 | 5 | 2 | 5 | 19 | 12 | |||
| 7 | Annan Athletic | 24 | 32 | 5 | 2 | 5 | 21 | 16 | 4 | 3 | 5 | 15 | 16 | |||
| 8 | 25 | 26 | 4 | 3 | 4 | 19 | 19 | 3 | 2 | 9 | 17 | 27 | ||||
| 9 | Forfar Athletic | 20 | 25 | 3 | 2 | 4 | 12 | 13 | 4 | 2 | 5 | 15 | 15 | |||
| 10 | Elgin City | 22 | 15 | 3 | 2 | 7 | 11 | 23 | 1 | 1 | 8 | 8 | 27 | |||