| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 33 | 62 | 10 | 2 | 4 | 23 | 18 | 8 | 6 | 3 | 22 | 12 | |||
| 2 | Cowdenbeath | 31 | 53 | 9 | 4 | 3 | 29 | 16 | 6 | 4 | 5 | 19 | 15 | |||
| 3 | Stirling Albion | 30 | 51 | 5 | 8 | 3 | 23 | 20 | 9 | 1 | 4 | 29 | 20 | |||
| 4 | Brechin City | 31 | 49 | 8 | 4 | 3 | 25 | 16 | 6 | 3 | 7 | 18 | 15 | |||
| 5 | Peterhead | 33 | 47 | 7 | 5 | 5 | 21 | 18 | 7 | 0 | 9 | 20 | 27 | |||
| 6 | Dumbarton | 32 | 44 | 5 | 3 | 8 | 18 | 27 | 8 | 2 | 6 | 24 | 21 | |||
| 7 | East Fife | 33 | 39 | 6 | 4 | 7 | 22 | 21 | 4 | 5 | 7 | 21 | 28 | |||
| 8 | Stenhousemuir | 33 | 38 | 5 | 5 | 6 | 14 | 18 | 4 | 6 | 7 | 21 | 19 | |||
| 9 | Arbroath | 33 | 35 | 4 | 3 | 9 | 19 | 30 | 5 | 5 | 7 | 17 | 22 | |||
| 10 | Clyde | 31 | 24 | 4 | 0 | 11 | 9 | 24 | 2 | 6 | 8 | 17 | 24 | |||