| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 15 | 38 | 7 | 1 | 0 | 16 | 2 | 5 | 1 | 1 | 17 | 6 | |||
| 2 | Alloa Athletic | 15 | 29 | 4 | 2 | 2 | 15 | 9 | 5 | 0 | 2 | 14 | 7 | |||
| 3 | Forfar Athletic | 14 | 20 | 4 | 1 | 2 | 16 | 13 | 2 | 1 | 4 | 10 | 16 | |||
| 4 | Arbroath | 15 | 20 | 4 | 2 | 1 | 16 | 10 | 1 | 3 | 4 | 8 | 20 | |||
| 5 | Brechin City | 14 | 19 | 5 | 0 | 2 | 18 | 10 | 1 | 1 | 5 | 6 | 14 | |||
| 6 | Stenhousemuir | 15 | 19 | 3 | 2 | 2 | 10 | 10 | 1 | 5 | 2 | 16 | 20 | |||
| 7 | East Fife | 14 | 17 | 2 | 1 | 3 | 8 | 7 | 3 | 1 | 4 | 14 | 13 | |||
| 8 | Ayr United | 14 | 17 | 4 | 1 | 3 | 16 | 13 | 1 | 1 | 4 | 6 | 12 | |||
| 9 | Stranraer | 14 | 12 | 3 | 3 | 2 | 14 | 14 | 0 | 0 | 6 | 3 | 16 | |||
| 10 | Albion Rovers | 14 | 11 | 2 | 1 | 3 | 11 | 13 | 1 | 1 | 6 | 7 | 16 | |||