| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 25 | 48 | 9 | 1 | 2 | 20 | 11 | 6 | 2 | 5 | 16 | 13 | |||
| 2 | Stenhousemuir | 27 | 43 | 6 | 5 | 3 | 20 | 16 | 6 | 2 | 5 | 20 | 15 | |||
| 3 | 26 | 42 | 9 | 0 | 5 | 27 | 21 | 4 | 3 | 5 | 17 | 18 | ||||
| 4 | Dumbarton | 24 | 41 | 7 | 5 | 1 | 24 | 11 | 4 | 3 | 4 | 17 | 20 | |||
| 5 | Annan Athletic | 26 | 35 | 6 | 2 | 5 | 27 | 16 | 4 | 3 | 6 | 16 | 18 | |||
| 6 | Albion Rovers | 24 | 35 | 6 | 0 | 5 | 16 | 14 | 5 | 2 | 6 | 19 | 13 | |||
| 7 | Montrose | 26 | 33 | 4 | 3 | 7 | 14 | 20 | 5 | 3 | 4 | 16 | 18 | |||
| 8 | Forfar Athletic | 22 | 31 | 4 | 2 | 4 | 14 | 14 | 5 | 2 | 5 | 18 | 16 | |||
| 9 | 26 | 29 | 5 | 3 | 4 | 20 | 19 | 3 | 2 | 9 | 17 | 27 | ||||
| 10 | Elgin City | 24 | 15 | 3 | 2 | 7 | 11 | 23 | 1 | 1 | 10 | 9 | 35 | |||