| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 9 | 20 | 3 | 1 | 1 | 14 | 6 | 3 | 1 | 0 | 8 | 3 | |||
| 2 | 9 | 18 | 2 | 2 | 1 | 8 | 7 | 3 | 1 | 0 | 10 | 3 | ||||
| 3 | Stranraer | 10 | 18 | 3 | 1 | 1 | 7 | 4 | 2 | 2 | 1 | 5 | 3 | |||
| 4 | Queen's Park | 9 | 18 | 4 | 0 | 0 | 9 | 4 | 2 | 0 | 3 | 6 | 13 | |||
| 5 | Queen of the South | 9 | 17 | 3 | 1 | 1 | 11 | 2 | 2 | 1 | 1 | 4 | 5 | |||
| 6 | Meadowbank Thistle | 8 | 13 | 2 | 2 | 0 | 10 | 6 | 1 | 2 | 1 | 7 | 6 | |||
| 7 | Montrose | 9 | 12 | 1 | 2 | 3 | 9 | 10 | 2 | 1 | 0 | 8 | 6 | |||
| 8 | Arbroath | 10 | 12 | 1 | 3 | 1 | 4 | 7 | 2 | 0 | 3 | 7 | 12 | |||
| 9 | Forfar Athletic | 9 | 9 | 1 | 1 | 1 | 6 | 5 | 1 | 2 | 3 | 6 | 10 | |||
| 10 | East Fife | 10 | 9 | 1 | 3 | 1 | 5 | 5 | 0 | 3 | 2 | 5 | 9 | |||
| 11 | Alloa Athletic | 8 | 7 | 0 | 2 | 2 | 5 | 7 | 1 | 2 | 1 | 4 | 4 | |||
| 12 | 9 | 7 | 1 | 1 | 2 | 2 | 3 | 0 | 3 | 2 | 5 | 8 | ||||
| 13 | Albion Rovers | 10 | 5 | 1 | 1 | 3 | 8 | 10 | 0 | 1 | 4 | 5 | 14 | |||
| 14 | Cowdenbeath | 7 | 4 | 0 | 0 | 3 | 5 | 9 | 1 | 1 | 2 | 5 | 7 | |||