| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 19 | 37 | 6 | 2 | 1 | 14 | 8 | 4 | 5 | 1 | 14 | 9 | |||
| 2 | 19 | 36 | 4 | 4 | 2 | 18 | 13 | 6 | 2 | 1 | 21 | 9 | ||||
| 3 | Queen of the South | 19 | 33 | 5 | 3 | 2 | 16 | 6 | 4 | 3 | 2 | 15 | 13 | |||
| 4 | Stenhousemuir | 19 | 32 | 5 | 2 | 2 | 17 | 7 | 4 | 3 | 3 | 16 | 14 | |||
| 5 | Meadowbank Thistle | 19 | 29 | 4 | 4 | 1 | 18 | 13 | 3 | 4 | 3 | 12 | 11 | |||
| 6 | 19 | 27 | 4 | 2 | 3 | 13 | 8 | 3 | 4 | 3 | 11 | 10 | ||||
| 7 | Montrose | 19 | 26 | 3 | 4 | 4 | 17 | 16 | 4 | 1 | 3 | 10 | 10 | |||
| 8 | East Fife | 19 | 25 | 4 | 3 | 3 | 11 | 9 | 2 | 4 | 3 | 13 | 15 | |||
| 9 | Queen's Park | 19 | 25 | 5 | 1 | 3 | 17 | 17 | 2 | 3 | 5 | 9 | 18 | |||
| 10 | Forfar Athletic | 19 | 24 | 3 | 3 | 3 | 16 | 17 | 3 | 3 | 4 | 14 | 16 | |||
| 11 | Arbroath | 19 | 20 | 2 | 5 | 2 | 7 | 12 | 3 | 0 | 7 | 11 | 20 | |||
| 12 | Alloa Athletic | 19 | 19 | 2 | 4 | 3 | 8 | 9 | 1 | 6 | 3 | 10 | 12 | |||
| 13 | Albion Rovers | 19 | 14 | 2 | 3 | 5 | 12 | 16 | 1 | 2 | 6 | 8 | 21 | |||
| 14 | Cowdenbeath | 19 | 10 | 1 | 2 | 7 | 10 | 20 | 1 | 2 | 6 | 7 | 16 | |||