| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 14 | 25 | 3 | 2 | 2 | 14 | 7 | 4 | 2 | 1 | 13 | 7 | |||
| 2 | 14 | 25 | 2 | 3 | 2 | 10 | 11 | 5 | 1 | 1 | 19 | 8 | ||||
| 3 | Meadowbank Thistle | 14 | 24 | 4 | 3 | 0 | 15 | 9 | 2 | 3 | 2 | 9 | 8 | |||
| 4 | Stranraer | 14 | 24 | 4 | 2 | 1 | 12 | 8 | 2 | 4 | 1 | 7 | 5 | |||
| 5 | Queen of the South | 14 | 22 | 4 | 1 | 2 | 13 | 4 | 2 | 3 | 2 | 11 | 13 | |||
| 6 | Montrose | 14 | 22 | 2 | 3 | 3 | 13 | 12 | 4 | 1 | 1 | 10 | 7 | |||
| 7 | Queen's Park | 14 | 22 | 5 | 0 | 2 | 15 | 13 | 2 | 1 | 4 | 7 | 15 | |||
| 8 | 14 | 19 | 4 | 1 | 2 | 9 | 3 | 1 | 3 | 3 | 6 | 9 | ||||
| 9 | Forfar Athletic | 14 | 19 | 3 | 2 | 1 | 15 | 12 | 2 | 2 | 4 | 9 | 13 | |||
| 10 | East Fife | 14 | 18 | 3 | 3 | 1 | 7 | 5 | 1 | 3 | 3 | 9 | 12 | |||
| 11 | Arbroath | 14 | 14 | 1 | 5 | 1 | 5 | 8 | 2 | 0 | 5 | 9 | 17 | |||
| 12 | Alloa Athletic | 14 | 13 | 1 | 3 | 3 | 7 | 9 | 1 | 4 | 2 | 7 | 8 | |||
| 13 | Albion Rovers | 14 | 10 | 1 | 2 | 4 | 9 | 12 | 1 | 2 | 4 | 7 | 15 | |||
| 14 | Cowdenbeath | 14 | 6 | 0 | 1 | 6 | 7 | 17 | 1 | 2 | 4 | 7 | 14 | |||