| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 27 | 49 | 8 | 2 | 3 | 17 | 13 | 6 | 5 | 3 | 19 | 12 | |||
| 2 | Cowdenbeath | 26 | 46 | 7 | 3 | 3 | 25 | 15 | 6 | 4 | 3 | 19 | 13 | |||
| 3 | Stirling Albion | 24 | 41 | 4 | 7 | 2 | 19 | 16 | 7 | 1 | 3 | 21 | 16 | |||
| 4 | Brechin City | 24 | 40 | 7 | 4 | 1 | 21 | 12 | 4 | 3 | 5 | 13 | 9 | |||
| 5 | Stenhousemuir | 27 | 35 | 5 | 5 | 4 | 13 | 13 | 3 | 6 | 4 | 18 | 14 | |||
| 6 | Dumbarton | 26 | 34 | 4 | 3 | 6 | 15 | 22 | 6 | 1 | 6 | 21 | 20 | |||
| 7 | East Fife | 27 | 33 | 5 | 4 | 5 | 20 | 17 | 3 | 5 | 5 | 18 | 23 | |||
| 8 | Peterhead | 26 | 31 | 4 | 4 | 4 | 14 | 16 | 5 | 0 | 9 | 15 | 25 | |||
| 9 | Arbroath | 27 | 27 | 3 | 2 | 8 | 16 | 26 | 4 | 4 | 6 | 13 | 17 | |||
| 10 | Clyde | 24 | 17 | 3 | 0 | 9 | 7 | 19 | 1 | 5 | 6 | 12 | 18 | |||