| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 24 | 45 | 8 | 2 | 3 | 17 | 13 | 5 | 4 | 2 | 14 | 8 | |||
| 2 | Cowdenbeath | 23 | 39 | 6 | 2 | 3 | 22 | 13 | 5 | 4 | 3 | 17 | 12 | |||
| 3 | Stirling Albion | 21 | 38 | 3 | 7 | 1 | 17 | 13 | 7 | 1 | 2 | 21 | 15 | |||
| 4 | Brechin City | 22 | 37 | 6 | 4 | 0 | 20 | 10 | 4 | 3 | 5 | 13 | 9 | |||
| 5 | Peterhead | 23 | 31 | 4 | 4 | 4 | 14 | 16 | 5 | 0 | 6 | 15 | 18 | |||
| 6 | Stenhousemuir | 25 | 29 | 3 | 5 | 4 | 10 | 13 | 3 | 6 | 4 | 18 | 14 | |||
| 7 | Dumbarton | 23 | 28 | 3 | 3 | 6 | 12 | 21 | 5 | 1 | 5 | 19 | 19 | |||
| 8 | East Fife | 24 | 26 | 3 | 3 | 5 | 13 | 15 | 3 | 5 | 5 | 18 | 23 | |||
| 9 | Arbroath | 24 | 24 | 3 | 2 | 8 | 16 | 26 | 3 | 4 | 4 | 9 | 12 | |||
| 10 | Clyde | 21 | 16 | 3 | 0 | 7 | 6 | 15 | 1 | 4 | 6 | 11 | 17 | |||