| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen's Park | 39 | 66 | 9 | 9 | 2 | 30 | 19 | 7 | 9 | 3 | 32 | 24 | |||
| 2 | Cowdenbeath | 39 | 63 | 12 | 3 | 4 | 35 | 20 | 6 | 6 | 8 | 28 | 28 | |||
| 3 | Queen of the South | 39 | 62 | 7 | 8 | 4 | 31 | 29 | 9 | 6 | 5 | 35 | 24 | |||
| 4 | Forfar Athletic | 39 | 60 | 9 | 3 | 7 | 34 | 32 | 8 | 6 | 6 | 29 | 25 | |||
| 5 | Brechin City | 39 | 59 | 10 | 7 | 3 | 29 | 18 | 5 | 7 | 7 | 23 | 28 | |||
| 6 | Alloa Athletic | 39 | 57 | 10 | 4 | 6 | 29 | 25 | 5 | 8 | 6 | 32 | 29 | |||
| 7 | Montrose | 39 | 56 | 9 | 4 | 6 | 31 | 24 | 7 | 4 | 9 | 35 | 31 | |||
| 8 | Clyde | 39 | 54 | 10 | 6 | 4 | 45 | 31 | 4 | 6 | 9 | 23 | 32 | |||
| 9 | Arbroath | 39 | 51 | 3 | 9 | 8 | 20 | 29 | 10 | 3 | 6 | 38 | 25 | |||
| 10 | Stenhousemuir | 39 | 50 | 4 | 7 | 8 | 27 | 32 | 9 | 4 | 7 | 36 | 26 | |||
| 11 | Albion Rovers | 39 | 48 | 9 | 3 | 8 | 37 | 41 | 4 | 6 | 9 | 22 | 31 | |||
| 12 | East Fife | 39 | 45 | 6 | 9 | 4 | 21 | 21 | 4 | 6 | 10 | 23 | 32 | |||
| 13 | Meadowbank Thistle | 39 | 40 | 6 | 2 | 11 | 17 | 35 | 5 | 5 | 10 | 25 | 29 | |||
| 14 | Stranraer | 39 | 29 | 4 | 5 | 11 | 20 | 41 | 3 | 3 | 13 | 16 | 42 | |||