| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Forfar Athletic | 39 | 90 | 16 | 4 | 0 | 45 | 13 | 11 | 5 | 3 | 28 | 18 | |||
| 2 | East Fife | 39 | 67 | 11 | 3 | 6 | 31 | 22 | 9 | 4 | 6 | 26 | 21 | |||
| 3 | Arbroath | 39 | 60 | 10 | 3 | 6 | 32 | 25 | 8 | 3 | 9 | 19 | 21 | |||
| 4 | 39 | 59 | 11 | 5 | 4 | 35 | 13 | 5 | 6 | 8 | 21 | 25 | ||||
| 5 | Queen of the South | 39 | 58 | 11 | 6 | 2 | 29 | 15 | 5 | 4 | 11 | 22 | 31 | |||
| 6 | Stirling Albion | 39 | 56 | 9 | 5 | 6 | 23 | 17 | 5 | 9 | 5 | 28 | 24 | |||
| 7 | Stenhousemuir | 39 | 53 | 10 | 5 | 4 | 30 | 25 | 4 | 6 | 10 | 17 | 32 | |||
| 8 | Stranraer | 39 | 51 | 9 | 7 | 3 | 25 | 16 | 4 | 5 | 11 | 22 | 31 | |||
| 9 | Queen's Park | 39 | 50 | 10 | 4 | 6 | 35 | 28 | 4 | 4 | 11 | 23 | 35 | |||
| 10 | Dunfermline Athletic | 39 | 49 | 7 | 7 | 5 | 25 | 16 | 6 | 3 | 11 | 19 | 29 | |||
| 11 | Montrose | 39 | 43 | 7 | 3 | 10 | 17 | 25 | 5 | 4 | 10 | 19 | 31 | |||
| 12 | 39 | 41 | 4 | 4 | 11 | 23 | 37 | 6 | 7 | 7 | 29 | 29 | ||||
| 13 | Cowdenbeath | 39 | 39 | 5 | 5 | 10 | 21 | 29 | 5 | 4 | 10 | 23 | 29 | |||
| 14 | Albion Rovers | 39 | 35 | 3 | 7 | 9 | 24 | 37 | 5 | 4 | 11 | 22 | 39 | |||