| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Cowdenbeath | 32 | 63 | 12 | 3 | 1 | 35 | 10 | 6 | 6 | 4 | 27 | 17 | |||
| 2 | Arbroath | 32 | 59 | 10 | 5 | 1 | 44 | 20 | 6 | 6 | 4 | 28 | 26 | |||
| 3 | Dumbarton | 32 | 49 | 8 | 2 | 5 | 24 | 25 | 6 | 5 | 6 | 29 | 30 | |||
| 4 | Airdrie United | 32 | 45 | 7 | 4 | 5 | 37 | 29 | 5 | 5 | 6 | 24 | 28 | |||
| 5 | East Fife | 32 | 45 | 6 | 4 | 5 | 24 | 24 | 7 | 2 | 8 | 28 | 26 | |||
| 6 | Stenhousemuir | 32 | 42 | 8 | 2 | 6 | 29 | 20 | 4 | 4 | 8 | 18 | 26 | |||
| 7 | Brechin City | 32 | 40 | 5 | 5 | 7 | 22 | 28 | 5 | 5 | 5 | 19 | 22 | |||
| 8 | Forfar Athletic | 32 | 33 | 5 | 5 | 7 | 29 | 34 | 3 | 4 | 8 | 23 | 35 | |||
| 9 | Albion Rovers | 32 | 33 | 6 | 5 | 5 | 23 | 19 | 3 | 1 | 12 | 16 | 39 | |||
| 10 | Stirling Albion | 32 | 31 | 4 | 5 | 7 | 21 | 25 | 4 | 2 | 10 | 22 | 39 | |||