| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 28 | 52 | 9 | 2 | 3 | 19 | 14 | 6 | 5 | 3 | 19 | 12 | |||
| 2 | Cowdenbeath | 27 | 47 | 7 | 4 | 3 | 25 | 15 | 6 | 4 | 3 | 19 | 13 | |||
| 3 | Stirling Albion | 25 | 44 | 4 | 7 | 2 | 19 | 16 | 8 | 1 | 3 | 24 | 16 | |||
| 4 | Brechin City | 25 | 43 | 8 | 4 | 1 | 24 | 13 | 4 | 3 | 5 | 13 | 9 | |||
| 5 | Stenhousemuir | 28 | 35 | 5 | 5 | 4 | 13 | 13 | 3 | 6 | 5 | 19 | 16 | |||
| 6 | Dumbarton | 27 | 35 | 4 | 3 | 6 | 15 | 22 | 6 | 2 | 6 | 21 | 20 | |||
| 7 | Peterhead | 27 | 34 | 5 | 4 | 4 | 17 | 16 | 5 | 0 | 9 | 15 | 25 | |||
| 8 | East Fife | 28 | 33 | 5 | 4 | 6 | 20 | 20 | 3 | 5 | 5 | 18 | 23 | |||
| 9 | Arbroath | 28 | 27 | 3 | 2 | 8 | 16 | 26 | 4 | 4 | 7 | 13 | 20 | |||
| 10 | Clyde | 25 | 17 | 3 | 0 | 9 | 7 | 19 | 1 | 5 | 7 | 13 | 21 | |||