| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 23 | 44 | 8 | 1 | 3 | 15 | 11 | 5 | 4 | 2 | 14 | 8 | |||
| 2 | Stirling Albion | 19 | 36 | 3 | 6 | 1 | 16 | 12 | 7 | 0 | 2 | 20 | 14 | |||
| 3 | Cowdenbeath | 22 | 36 | 5 | 2 | 3 | 16 | 11 | 5 | 4 | 3 | 17 | 12 | |||
| 4 | Brechin City | 21 | 34 | 6 | 4 | 0 | 20 | 10 | 3 | 3 | 5 | 12 | 9 | |||
| 5 | Dumbarton | 21 | 28 | 3 | 3 | 5 | 12 | 20 | 5 | 1 | 4 | 18 | 17 | |||
| 6 | Stenhousemuir | 23 | 27 | 3 | 5 | 4 | 10 | 13 | 3 | 4 | 4 | 16 | 12 | |||
| 7 | Peterhead | 21 | 27 | 3 | 3 | 4 | 11 | 14 | 5 | 0 | 6 | 15 | 18 | |||
| 8 | East Fife | 23 | 26 | 3 | 3 | 5 | 13 | 15 | 3 | 5 | 4 | 16 | 17 | |||
| 9 | Arbroath | 23 | 23 | 3 | 1 | 8 | 15 | 25 | 3 | 4 | 4 | 9 | 12 | |||
| 10 | Clyde | 20 | 15 | 3 | 0 | 7 | 6 | 15 | 1 | 3 | 6 | 9 | 15 | |||