| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stirling Albion | 36 | 65 | 7 | 8 | 3 | 30 | 22 | 11 | 3 | 4 | 38 | 26 | |||
| 2 | Alloa Athletic | 36 | 65 | 11 | 2 | 5 | 27 | 21 | 8 | 6 | 4 | 22 | 14 | |||
| 3 | Cowdenbeath | 36 | 59 | 10 | 5 | 3 | 36 | 19 | 6 | 6 | 6 | 24 | 22 | |||
| 4 | Brechin City | 36 | 54 | 9 | 6 | 3 | 30 | 20 | 6 | 3 | 9 | 20 | 25 | |||
| 5 | Peterhead | 36 | 51 | 8 | 5 | 5 | 23 | 18 | 7 | 1 | 10 | 22 | 31 | |||
| 6 | Dumbarton | 36 | 48 | 5 | 4 | 9 | 21 | 32 | 9 | 2 | 7 | 28 | 26 | |||
| 7 | East Fife | 36 | 41 | 6 | 5 | 7 | 23 | 22 | 4 | 6 | 8 | 23 | 31 | |||
| 8 | Stenhousemuir | 36 | 40 | 5 | 6 | 7 | 16 | 22 | 4 | 7 | 7 | 22 | 20 | |||
| 9 | Arbroath | 36 | 40 | 4 | 5 | 9 | 22 | 33 | 6 | 5 | 7 | 19 | 22 | |||
| 10 | Clyde | 36 | 31 | 6 | 0 | 12 | 17 | 29 | 2 | 7 | 9 | 20 | 28 | |||