| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 17 | 32 | 5 | 2 | 2 | 17 | 7 | 4 | 3 | 1 | 15 | 9 | |||
| 2 | Stranraer | 17 | 31 | 6 | 2 | 1 | 14 | 8 | 2 | 5 | 1 | 8 | 6 | |||
| 3 | 17 | 30 | 3 | 4 | 2 | 15 | 13 | 5 | 2 | 1 | 19 | 8 | ||||
| 4 | Queen of the South | 17 | 29 | 4 | 2 | 2 | 13 | 4 | 4 | 3 | 2 | 15 | 13 | |||
| 5 | Meadowbank Thistle | 17 | 29 | 4 | 4 | 0 | 17 | 11 | 3 | 4 | 2 | 12 | 9 | |||
| 6 | 17 | 26 | 4 | 2 | 2 | 11 | 5 | 3 | 3 | 3 | 10 | 9 | ||||
| 7 | Queen's Park | 17 | 24 | 5 | 1 | 3 | 17 | 17 | 2 | 2 | 4 | 7 | 15 | |||
| 8 | East Fife | 17 | 22 | 4 | 3 | 2 | 10 | 7 | 1 | 4 | 3 | 11 | 14 | |||
| 9 | Montrose | 17 | 22 | 2 | 3 | 4 | 13 | 14 | 4 | 1 | 3 | 10 | 10 | |||
| 10 | Forfar Athletic | 17 | 21 | 3 | 3 | 2 | 15 | 14 | 2 | 3 | 4 | 11 | 15 | |||
| 11 | Alloa Athletic | 17 | 17 | 2 | 4 | 3 | 8 | 9 | 1 | 4 | 3 | 7 | 9 | |||
| 12 | Arbroath | 17 | 14 | 1 | 5 | 2 | 5 | 11 | 2 | 0 | 7 | 9 | 19 | |||
| 13 | Albion Rovers | 17 | 13 | 2 | 2 | 4 | 10 | 12 | 1 | 2 | 6 | 8 | 21 | |||
| 14 | Cowdenbeath | 17 | 9 | 1 | 1 | 6 | 8 | 17 | 1 | 2 | 6 | 7 | 16 | |||