| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Montrose | 39 | 75 | 11 | 5 | 3 | 29 | 21 | 11 | 4 | 5 | 28 | 19 | |||
| 2 | Alloa Athletic | 39 | 70 | 9 | 6 | 4 | 29 | 17 | 11 | 4 | 5 | 29 | 23 | |||
| 3 | Dunfermline Athletic | 39 | 66 | 7 | 9 | 4 | 34 | 20 | 10 | 6 | 3 | 27 | 16 | |||
| 4 | Cowdenbeath | 39 | 65 | 10 | 5 | 4 | 36 | 17 | 8 | 6 | 6 | 32 | 22 | |||
| 5 | Raith Rovers | 39 | 60 | 9 | 1 | 9 | 30 | 25 | 9 | 5 | 6 | 39 | 32 | |||
| 6 | Stenhousemuir | 39 | 60 | 9 | 6 | 5 | 27 | 25 | 6 | 9 | 4 | 18 | 18 | |||
| 7 | Stirling Albion | 39 | 58 | 8 | 7 | 4 | 33 | 22 | 7 | 6 | 7 | 29 | 25 | |||
| 8 | Albion Rovers | 39 | 47 | 7 | 2 | 11 | 27 | 39 | 6 | 6 | 7 | 22 | 33 | |||
| 9 | Queen's Park | 39 | 45 | 7 | 5 | 7 | 24 | 19 | 5 | 4 | 11 | 24 | 36 | |||
| 10 | Stranraer | 39 | 45 | 7 | 2 | 11 | 30 | 33 | 6 | 4 | 9 | 22 | 34 | |||
| 11 | Queen of the South | 39 | 44 | 6 | 7 | 7 | 27 | 25 | 4 | 7 | 8 | 15 | 31 | |||
| 12 | 39 | 39 | 5 | 8 | 7 | 21 | 22 | 3 | 7 | 9 | 17 | 31 | ||||
| 13 | 39 | 36 | 5 | 7 | 7 | 18 | 20 | 3 | 5 | 12 | 18 | 29 | ||||
| 14 | Arbroath | 39 | 34 | 6 | 5 | 9 | 22 | 28 | 3 | 2 | 14 | 13 | 38 | |||