| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 20 | 40 | 7 | 2 | 1 | 16 | 8 | 4 | 5 | 1 | 14 | 9 | |||
| 2 | 20 | 39 | 4 | 4 | 2 | 18 | 13 | 7 | 2 | 1 | 24 | 10 | ||||
| 3 | Stenhousemuir | 20 | 33 | 5 | 3 | 2 | 18 | 8 | 4 | 3 | 3 | 16 | 14 | |||
| 4 | Queen of the South | 20 | 33 | 5 | 3 | 2 | 16 | 6 | 4 | 3 | 3 | 16 | 15 | |||
| 5 | Meadowbank Thistle | 20 | 32 | 5 | 4 | 1 | 20 | 14 | 3 | 4 | 3 | 12 | 11 | |||
| 6 | Queen's Park | 20 | 28 | 6 | 1 | 3 | 20 | 19 | 2 | 3 | 5 | 9 | 18 | |||
| 7 | 20 | 27 | 4 | 2 | 4 | 14 | 11 | 3 | 4 | 3 | 11 | 10 | ||||
| 8 | Forfar Athletic | 20 | 27 | 3 | 3 | 3 | 16 | 17 | 4 | 3 | 4 | 17 | 17 | |||
| 9 | Montrose | 20 | 26 | 3 | 4 | 4 | 17 | 16 | 4 | 1 | 4 | 12 | 13 | |||
| 10 | East Fife | 20 | 26 | 4 | 3 | 3 | 11 | 9 | 2 | 5 | 3 | 14 | 16 | |||
| 11 | Arbroath | 20 | 23 | 3 | 5 | 2 | 8 | 12 | 3 | 0 | 7 | 11 | 20 | |||
| 12 | Alloa Athletic | 20 | 19 | 2 | 4 | 4 | 9 | 12 | 1 | 6 | 3 | 10 | 12 | |||
| 13 | Albion Rovers | 20 | 14 | 2 | 3 | 5 | 12 | 16 | 1 | 2 | 7 | 8 | 22 | |||
| 14 | Cowdenbeath | 20 | 10 | 1 | 2 | 7 | 10 | 20 | 1 | 2 | 7 | 7 | 18 | |||