| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 13 | 24 | 3 | 1 | 2 | 14 | 7 | 4 | 2 | 1 | 13 | 7 | |||
| 2 | Meadowbank Thistle | 13 | 23 | 4 | 3 | 0 | 15 | 9 | 2 | 2 | 2 | 8 | 7 | |||
| 3 | Stranraer | 13 | 23 | 4 | 2 | 1 | 12 | 8 | 2 | 3 | 1 | 6 | 4 | |||
| 4 | 13 | 22 | 2 | 3 | 2 | 10 | 11 | 4 | 1 | 1 | 14 | 7 | ||||
| 5 | Montrose | 13 | 22 | 2 | 3 | 3 | 13 | 12 | 4 | 1 | 0 | 10 | 6 | |||
| 6 | Queen of the South | 13 | 19 | 3 | 1 | 2 | 12 | 4 | 2 | 3 | 2 | 11 | 13 | |||
| 7 | 13 | 19 | 4 | 1 | 2 | 9 | 3 | 1 | 3 | 2 | 6 | 8 | ||||
| 8 | Forfar Athletic | 13 | 19 | 3 | 2 | 1 | 15 | 12 | 2 | 2 | 3 | 7 | 10 | |||
| 9 | Queen's Park | 13 | 19 | 4 | 0 | 2 | 12 | 11 | 2 | 1 | 4 | 7 | 15 | |||
| 10 | East Fife | 13 | 15 | 2 | 3 | 1 | 6 | 5 | 1 | 3 | 3 | 9 | 12 | |||
| 11 | Arbroath | 13 | 13 | 1 | 4 | 1 | 4 | 7 | 2 | 0 | 5 | 9 | 17 | |||
| 12 | Alloa Athletic | 13 | 12 | 1 | 2 | 3 | 6 | 8 | 1 | 4 | 2 | 7 | 8 | |||
| 13 | Albion Rovers | 13 | 9 | 1 | 2 | 4 | 9 | 12 | 1 | 1 | 4 | 7 | 15 | |||
| 14 | Cowdenbeath | 13 | 6 | 0 | 1 | 5 | 6 | 12 | 1 | 2 | 4 | 7 | 14 | |||