| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 34 | 62 | 10 | 2 | 5 | 24 | 20 | 8 | 6 | 3 | 22 | 12 | |||
| 2 | Stirling Albion | 33 | 60 | 6 | 8 | 3 | 29 | 22 | 11 | 1 | 4 | 34 | 22 | |||
| 3 | Cowdenbeath | 33 | 55 | 9 | 4 | 3 | 29 | 16 | 6 | 6 | 5 | 23 | 19 | |||
| 4 | Brechin City | 34 | 53 | 9 | 5 | 3 | 29 | 19 | 6 | 3 | 8 | 20 | 21 | |||
| 5 | Dumbarton | 34 | 48 | 5 | 4 | 8 | 21 | 30 | 9 | 2 | 6 | 26 | 22 | |||
| 6 | Peterhead | 34 | 47 | 7 | 5 | 5 | 21 | 18 | 7 | 0 | 10 | 21 | 30 | |||
| 7 | East Fife | 34 | 39 | 6 | 4 | 7 | 22 | 21 | 4 | 5 | 8 | 21 | 29 | |||
| 8 | Stenhousemuir | 34 | 38 | 5 | 5 | 7 | 15 | 21 | 4 | 6 | 7 | 21 | 19 | |||
| 9 | Arbroath | 34 | 36 | 4 | 4 | 9 | 20 | 31 | 5 | 5 | 7 | 17 | 22 | |||
| 10 | Clyde | 34 | 28 | 5 | 0 | 12 | 13 | 27 | 2 | 7 | 8 | 20 | 27 | |||