| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 24 | 48 | 9 | 1 | 2 | 20 | 11 | 6 | 2 | 4 | 16 | 12 | |||
| 2 | Stenhousemuir | 26 | 43 | 6 | 5 | 2 | 19 | 12 | 6 | 2 | 5 | 20 | 15 | |||
| 3 | 25 | 39 | 9 | 0 | 5 | 27 | 21 | 3 | 3 | 5 | 13 | 17 | ||||
| 4 | Dumbarton | 23 | 38 | 6 | 5 | 1 | 23 | 11 | 4 | 3 | 4 | 17 | 20 | |||
| 5 | Albion Rovers | 23 | 35 | 6 | 0 | 5 | 16 | 14 | 5 | 2 | 5 | 19 | 12 | |||
| 6 | Montrose | 25 | 33 | 4 | 3 | 6 | 13 | 17 | 5 | 3 | 4 | 16 | 18 | |||
| 7 | Annan Athletic | 25 | 32 | 5 | 2 | 5 | 21 | 16 | 4 | 3 | 6 | 16 | 18 | |||
| 8 | Forfar Athletic | 21 | 28 | 4 | 2 | 4 | 14 | 14 | 4 | 2 | 5 | 15 | 15 | |||
| 9 | 25 | 26 | 4 | 3 | 4 | 19 | 19 | 3 | 2 | 9 | 17 | 27 | ||||
| 10 | Elgin City | 23 | 15 | 3 | 2 | 7 | 11 | 23 | 1 | 1 | 9 | 9 | 29 | |||