| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 35 | 70 | 13 | 3 | 1 | 37 | 10 | 7 | 7 | 4 | 31 | 19 | |||
| 2 | Arbroath | 35 | 60 | 10 | 5 | 3 | 44 | 23 | 6 | 7 | 4 | 29 | 27 | |||
| 3 | Dumbarton | 35 | 55 | 9 | 2 | 6 | 26 | 28 | 7 | 5 | 6 | 31 | 31 | |||
| 4 | Airdrie United | 35 | 51 | 9 | 4 | 5 | 43 | 30 | 5 | 5 | 7 | 25 | 30 | |||
| 5 | Stenhousemuir | 35 | 51 | 9 | 2 | 6 | 31 | 21 | 6 | 4 | 8 | 22 | 26 | |||
| 6 | East Fife | 35 | 48 | 7 | 4 | 6 | 26 | 26 | 7 | 2 | 9 | 28 | 28 | |||
| 7 | Brechin City | 35 | 41 | 5 | 6 | 7 | 24 | 30 | 5 | 5 | 7 | 21 | 28 | |||
| 8 | Forfar Athletic | 35 | 39 | 6 | 5 | 7 | 33 | 34 | 4 | 4 | 9 | 24 | 37 | |||
| 9 | Albion Rovers | 35 | 37 | 6 | 6 | 5 | 24 | 20 | 4 | 1 | 13 | 18 | 44 | |||
| 10 | Stirling Albion | 35 | 31 | 4 | 5 | 9 | 22 | 29 | 4 | 2 | 11 | 22 | 40 | |||