| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 16 | 29 | 4 | 2 | 2 | 15 | 7 | 4 | 3 | 1 | 15 | 9 | |||
| 2 | 16 | 27 | 2 | 4 | 2 | 12 | 13 | 5 | 2 | 1 | 19 | 8 | ||||
| 3 | Queen of the South | 16 | 26 | 4 | 2 | 2 | 13 | 4 | 3 | 3 | 2 | 14 | 13 | |||
| 4 | Meadowbank Thistle | 16 | 26 | 4 | 4 | 0 | 17 | 11 | 2 | 4 | 2 | 9 | 8 | |||
| 5 | Stranraer | 15 | 25 | 4 | 2 | 1 | 12 | 8 | 2 | 5 | 1 | 8 | 6 | |||
| 6 | 16 | 23 | 4 | 2 | 2 | 11 | 5 | 2 | 3 | 3 | 8 | 9 | ||||
| 7 | Queen's Park | 15 | 23 | 5 | 1 | 2 | 16 | 14 | 2 | 1 | 4 | 7 | 15 | |||
| 8 | Montrose | 15 | 22 | 2 | 3 | 4 | 13 | 14 | 4 | 1 | 1 | 10 | 7 | |||
| 9 | East Fife | 16 | 22 | 4 | 3 | 1 | 10 | 6 | 1 | 4 | 3 | 11 | 14 | |||
| 10 | Forfar Athletic | 16 | 21 | 3 | 3 | 1 | 15 | 12 | 2 | 3 | 4 | 11 | 15 | |||
| 11 | Arbroath | 16 | 14 | 1 | 5 | 2 | 5 | 11 | 2 | 0 | 6 | 9 | 18 | |||
| 12 | Alloa Athletic | 15 | 13 | 1 | 3 | 3 | 7 | 9 | 1 | 4 | 3 | 7 | 9 | |||
| 13 | Albion Rovers | 16 | 13 | 2 | 2 | 4 | 10 | 12 | 1 | 2 | 5 | 8 | 18 | |||
| 14 | Cowdenbeath | 16 | 9 | 1 | 1 | 6 | 8 | 17 | 1 | 2 | 5 | 7 | 15 | |||