| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 23 | 48 | 10 | 2 | 0 | 28 | 6 | 4 | 4 | 3 | 22 | 14 | |||
| 2 | Arbroath | 23 | 44 | 8 | 3 | 0 | 32 | 12 | 4 | 5 | 3 | 21 | 20 | |||
| 3 | Dumbarton | 22 | 35 | 5 | 2 | 3 | 16 | 18 | 5 | 3 | 4 | 23 | 20 | |||
| 4 | Stenhousemuir | 22 | 34 | 7 | 2 | 3 | 23 | 12 | 3 | 2 | 5 | 15 | 19 | |||
| 5 | East Fife | 22 | 30 | 5 | 2 | 3 | 18 | 18 | 4 | 1 | 7 | 13 | 19 | |||
| 6 | Brechin City | 22 | 29 | 3 | 4 | 4 | 14 | 17 | 4 | 4 | 3 | 13 | 13 | |||
| 7 | Airdrie United | 24 | 28 | 5 | 3 | 5 | 31 | 28 | 2 | 4 | 5 | 16 | 24 | |||
| 8 | Forfar Athletic | 22 | 22 | 2 | 5 | 5 | 16 | 22 | 3 | 2 | 5 | 18 | 23 | |||
| 9 | Albion Rovers | 24 | 22 | 4 | 3 | 4 | 18 | 15 | 2 | 1 | 10 | 13 | 33 | |||
| 10 | Stirling Albion | 22 | 19 | 3 | 2 | 6 | 14 | 19 | 2 | 2 | 7 | 13 | 25 | |||