| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Cowdenbeath | 36 | 7 | 0 | 0 | 13 | 7 | 2 | 0 | 4 | 3 | 71 |
| 2. | Arbroath | 36 | 8 | 2 | 1 | 9 | 9 | 4 | 0 | 1 | 2 | 63 |
| 3. | Dumbarton | 36 | 2 | 0 | 0 | 11 | 6 | 7 | 4 | 1 | 5 | 58 |
| 4. | Airdrieonians | 36 | 5 | 1 | 1 | 9 | 7 | 8 | 0 | 2 | 3 | 52 |
| 5. | Stenhousemuir | 36 | 6 | 0 | 0 | 9 | 5 | 10 | 0 | 1 | 5 | 51 |
| 6. | East Fife | 36 | 4 | 1 | 1 | 10 | 5 | 10 | 0 | 0 | 5 | 48 |
| 7. | Forfar Athletic | 36 | 6 | 2 | 1 | 5 | 6 | 10 | 0 | 1 | 5 | 42 |
| 8. | Brechin | 36 | 1 | 3 | 0 | 7 | 8 | 10 | 2 | 0 | 5 | 41 |
| 9. | Albion Rovers | 36 | 2 | 0 | 1 | 8 | 6 | 12 | 0 | 1 | 6 | 37 |
| 10. | Stirling | 36 | 4 | 3 | 2 | 4 | 3 | 12 | 1 | 1 | 6 | 34 |