| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 11 | 29 | 5 | 1 | 0 | 13 | 2 | 4 | 1 | 0 | 12 | 4 | |||
| 2 | Alloa Athletic | 12 | 23 | 3 | 2 | 2 | 14 | 9 | 4 | 0 | 1 | 10 | 4 | |||
| 3 | Forfar Athletic | 11 | 19 | 4 | 0 | 1 | 14 | 7 | 2 | 1 | 3 | 9 | 12 | |||
| 4 | Ayr United | 12 | 17 | 4 | 1 | 2 | 14 | 10 | 1 | 1 | 3 | 6 | 10 | |||
| 5 | Stenhousemuir | 12 | 15 | 2 | 2 | 1 | 9 | 8 | 1 | 4 | 2 | 14 | 18 | |||
| 6 | Arbroath | 11 | 15 | 3 | 1 | 1 | 12 | 7 | 1 | 2 | 3 | 6 | 17 | |||
| 7 | Brechin City | 11 | 13 | 4 | 0 | 2 | 14 | 9 | 0 | 1 | 4 | 4 | 12 | |||
| 8 | East Fife | 12 | 11 | 1 | 1 | 3 | 6 | 6 | 2 | 1 | 4 | 11 | 11 | |||
| 9 | Albion Rovers | 11 | 10 | 2 | 1 | 2 | 10 | 11 | 1 | 0 | 5 | 6 | 14 | |||
| 10 | Stranraer | 11 | 8 | 2 | 2 | 2 | 10 | 11 | 0 | 0 | 5 | 2 | 14 | |||