| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 25 | 52 | 11 | 2 | 0 | 29 | 6 | 4 | 5 | 3 | 23 | 15 | |||
| 2 | Arbroath | 25 | 50 | 9 | 3 | 0 | 36 | 13 | 5 | 5 | 3 | 24 | 21 | |||
| 3 | Dumbarton | 25 | 44 | 7 | 2 | 3 | 23 | 19 | 6 | 3 | 4 | 25 | 21 | |||
| 4 | Stenhousemuir | 25 | 34 | 7 | 2 | 4 | 24 | 15 | 3 | 2 | 7 | 15 | 23 | |||
| 5 | East Fife | 25 | 33 | 6 | 2 | 4 | 21 | 20 | 4 | 1 | 8 | 15 | 22 | |||
| 6 | Brechin City | 25 | 32 | 4 | 4 | 5 | 16 | 20 | 4 | 4 | 4 | 13 | 14 | |||
| 7 | Airdrie United | 25 | 28 | 5 | 3 | 5 | 31 | 28 | 2 | 4 | 6 | 16 | 26 | |||
| 8 | Forfar Athletic | 25 | 26 | 3 | 5 | 5 | 19 | 24 | 3 | 3 | 6 | 21 | 29 | |||
| 9 | Albion Rovers | 25 | 23 | 4 | 4 | 4 | 20 | 17 | 2 | 1 | 10 | 13 | 33 | |||
| 10 | Stirling Albion | 25 | 23 | 3 | 3 | 6 | 15 | 20 | 3 | 2 | 8 | 17 | 30 | |||