| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 18 | 34 | 6 | 2 | 1 | 14 | 8 | 3 | 5 | 1 | 11 | 8 | |||
| 2 | 18 | 33 | 3 | 4 | 2 | 15 | 13 | 6 | 2 | 1 | 21 | 9 | ||||
| 3 | Stenhousemuir | 18 | 32 | 5 | 2 | 2 | 17 | 7 | 4 | 3 | 2 | 16 | 11 | |||
| 4 | Queen of the South | 18 | 32 | 5 | 2 | 2 | 15 | 5 | 4 | 3 | 2 | 15 | 13 | |||
| 5 | Meadowbank Thistle | 18 | 29 | 4 | 4 | 1 | 18 | 13 | 3 | 4 | 2 | 12 | 9 | |||
| 6 | 18 | 26 | 4 | 2 | 3 | 13 | 8 | 3 | 3 | 3 | 10 | 9 | ||||
| 7 | East Fife | 18 | 25 | 4 | 3 | 2 | 10 | 7 | 2 | 4 | 3 | 13 | 15 | |||
| 8 | Forfar Athletic | 18 | 24 | 3 | 3 | 2 | 15 | 14 | 3 | 3 | 4 | 14 | 16 | |||
| 9 | Queen's Park | 18 | 24 | 5 | 1 | 3 | 17 | 17 | 2 | 2 | 5 | 8 | 17 | |||
| 10 | Montrose | 18 | 23 | 2 | 4 | 4 | 15 | 16 | 4 | 1 | 3 | 10 | 10 | |||
| 11 | Alloa Athletic | 18 | 18 | 2 | 4 | 3 | 8 | 9 | 1 | 5 | 3 | 9 | 11 | |||
| 12 | Arbroath | 18 | 17 | 2 | 5 | 2 | 7 | 12 | 2 | 0 | 7 | 9 | 19 | |||
| 13 | Albion Rovers | 18 | 13 | 2 | 2 | 5 | 11 | 15 | 1 | 2 | 6 | 8 | 21 | |||
| 14 | Cowdenbeath | 18 | 9 | 1 | 1 | 7 | 9 | 19 | 1 | 2 | 6 | 7 | 16 | |||