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| Pos | Team | Pld | W | D | L | F | A | Pts |
| 1 | Cowdenbeath | 18 | 13 | 4 | 1 | 37 | 10 | 43 |
| 2 | Arbroath | 18 | 10 | 5 | 3 | 44 | 23 | 35 |
| 3 | Dumbarton | 18 | 10 | 2 | 6 | 30 | 30 | 32 |
| 4 | Airdrie Utd | 18 | 9 | 4 | 5 | 43 | 30 | 31 |
| 5 | Stenhousemuir | 18 | 9 | 2 | 7 | 32 | 23 | 29 |
| 6 | East Fife | 18 | 7 | 4 | 7 | 27 | 29 | 25 |
| 7 | Albion | 18 | 6 | 6 | 6 | 25 | 22 | 24 |
| 8 | Forfar | 18 | 6 | 5 | 7 | 33 | 34 | 23 |
| 9 | Brechin | 18 | 5 | 6 | 7 | 24 | 30 | 21 |
| 10 | Stirling | 18 | 4 | 5 | 9 | 22 | 29 | 17 |