| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 18 | 35 | 5 | 2 | 2 | 15 | 8 | 5 | 3 | 1 | 15 | 8 | |||
| 2 | Stirling Albion | 17 | 32 | 3 | 5 | 1 | 13 | 9 | 6 | 0 | 2 | 16 | 12 | |||
| 3 | Alloa Athletic | 17 | 28 | 4 | 1 | 3 | 8 | 9 | 4 | 3 | 2 | 11 | 7 | |||
| 4 | Brechin City | 17 | 26 | 6 | 2 | 0 | 17 | 7 | 1 | 3 | 5 | 6 | 9 | |||
| 5 | Dumbarton | 17 | 22 | 2 | 3 | 4 | 8 | 15 | 4 | 1 | 3 | 14 | 12 | |||
| 6 | Stenhousemuir | 18 | 21 | 3 | 3 | 3 | 9 | 10 | 2 | 3 | 4 | 12 | 10 | |||
| 7 | East Fife | 18 | 21 | 3 | 3 | 4 | 11 | 12 | 2 | 3 | 3 | 11 | 11 | |||
| 8 | Peterhead | 17 | 21 | 3 | 3 | 3 | 11 | 11 | 3 | 0 | 5 | 7 | 14 | |||
| 9 | Arbroath | 18 | 17 | 1 | 1 | 6 | 9 | 19 | 3 | 4 | 3 | 9 | 11 | |||
| 10 | Clyde | 17 | 15 | 3 | 0 | 5 | 6 | 10 | 1 | 3 | 5 | 9 | 13 | |||