| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 18 | 38 | 7 | 2 | 0 | 19 | 5 | 4 | 3 | 2 | 21 | 12 | |||
| 2 | Arbroath | 17 | 32 | 6 | 2 | 0 | 23 | 10 | 3 | 3 | 3 | 14 | 15 | |||
| 3 | Stenhousemuir | 18 | 28 | 6 | 2 | 1 | 19 | 7 | 2 | 2 | 5 | 12 | 19 | |||
| 4 | Airdrie United | 19 | 24 | 4 | 3 | 3 | 25 | 21 | 2 | 3 | 4 | 15 | 21 | |||
| 5 | Brechin City | 18 | 24 | 3 | 2 | 4 | 12 | 15 | 3 | 4 | 2 | 10 | 10 | |||
| 6 | Dumbarton | 17 | 22 | 3 | 2 | 3 | 14 | 18 | 3 | 2 | 4 | 17 | 16 | |||
| 7 | Albion Rovers | 18 | 21 | 4 | 2 | 3 | 17 | 13 | 2 | 1 | 6 | 12 | 21 | |||
| 8 | East Fife | 16 | 19 | 3 | 1 | 3 | 10 | 16 | 3 | 0 | 6 | 11 | 17 | |||
| 9 | Stirling Albion | 15 | 15 | 3 | 2 | 4 | 12 | 15 | 1 | 1 | 4 | 8 | 13 | |||
| 10 | Forfar Athletic | 16 | 14 | 1 | 3 | 4 | 10 | 15 | 2 | 2 | 4 | 15 | 17 | |||