| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 17 | 35 | 6 | 2 | 0 | 15 | 5 | 4 | 3 | 2 | 21 | 12 | |||
| 2 | Arbroath | 16 | 32 | 6 | 2 | 0 | 23 | 10 | 3 | 3 | 2 | 12 | 12 | |||
| 3 | Stenhousemuir | 17 | 28 | 6 | 2 | 1 | 19 | 7 | 2 | 2 | 4 | 11 | 16 | |||
| 4 | Airdrie United | 18 | 21 | 3 | 3 | 3 | 24 | 21 | 2 | 3 | 4 | 15 | 21 | |||
| 5 | Albion Rovers | 17 | 21 | 4 | 2 | 3 | 17 | 13 | 2 | 1 | 5 | 12 | 20 | |||
| 6 | Brechin City | 17 | 21 | 2 | 2 | 4 | 10 | 14 | 3 | 4 | 2 | 10 | 10 | |||
| 7 | Dumbarton | 16 | 19 | 2 | 2 | 3 | 11 | 16 | 3 | 2 | 4 | 17 | 16 | |||
| 8 | East Fife | 15 | 19 | 3 | 1 | 3 | 10 | 16 | 3 | 0 | 5 | 11 | 13 | |||
| 9 | Forfar Athletic | 15 | 14 | 1 | 3 | 4 | 10 | 15 | 2 | 2 | 3 | 14 | 15 | |||
| 10 | Stirling Albion | 14 | 12 | 2 | 2 | 4 | 9 | 14 | 1 | 1 | 4 | 8 | 13 | |||