| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 31 | 63 | 12 | 3 | 0 | 33 | 7 | 6 | 6 | 4 | 27 | 17 | |||
| 2 | Arbroath | 31 | 56 | 10 | 5 | 1 | 44 | 20 | 5 | 6 | 4 | 25 | 24 | |||
| 3 | Dumbarton | 31 | 48 | 8 | 2 | 5 | 24 | 25 | 6 | 4 | 6 | 28 | 29 | |||
| 4 | Stenhousemuir | 31 | 42 | 8 | 2 | 5 | 29 | 17 | 4 | 4 | 8 | 18 | 26 | |||
| 5 | Airdrie United | 31 | 42 | 7 | 4 | 5 | 37 | 29 | 4 | 5 | 6 | 21 | 28 | |||
| 6 | East Fife | 31 | 42 | 6 | 4 | 5 | 24 | 24 | 6 | 2 | 8 | 24 | 25 | |||
| 7 | Brechin City | 31 | 40 | 5 | 5 | 6 | 21 | 26 | 5 | 5 | 5 | 19 | 22 | |||
| 8 | Forfar Athletic | 31 | 33 | 5 | 5 | 6 | 28 | 30 | 3 | 4 | 8 | 23 | 35 | |||
| 9 | Albion Rovers | 31 | 32 | 6 | 4 | 5 | 22 | 18 | 3 | 1 | 12 | 16 | 39 | |||
| 10 | Stirling Albion | 31 | 28 | 4 | 5 | 7 | 21 | 25 | 3 | 2 | 10 | 20 | 38 | |||