| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 22 | 57 | 10 | 2 | 0 | 28 | 5 | 8 | 1 | 1 | 28 | 8 | |||
| 2 | Alloa Athletic | 22 | 41 | 7 | 3 | 2 | 23 | 12 | 5 | 2 | 3 | 16 | 10 | |||
| 3 | Brechin City | 19 | 32 | 7 | 0 | 2 | 24 | 14 | 3 | 2 | 5 | 14 | 17 | |||
| 4 | Arbroath | 21 | 29 | 7 | 2 | 1 | 22 | 12 | 1 | 3 | 7 | 11 | 29 | |||
| 5 | Forfar Athletic | 22 | 29 | 6 | 1 | 3 | 22 | 20 | 3 | 1 | 8 | 16 | 28 | |||
| 6 | East Fife | 23 | 26 | 4 | 3 | 4 | 18 | 15 | 3 | 2 | 7 | 18 | 21 | |||
| 7 | Stenhousemuir | 21 | 26 | 5 | 3 | 3 | 14 | 13 | 1 | 5 | 4 | 18 | 24 | |||
| 8 | Ayr United | 20 | 22 | 4 | 2 | 4 | 17 | 18 | 2 | 2 | 6 | 11 | 19 | |||
| 9 | Stranraer | 22 | 22 | 4 | 3 | 4 | 17 | 18 | 2 | 1 | 8 | 9 | 26 | |||
| 10 | Albion Rovers | 20 | 14 | 3 | 1 | 6 | 17 | 22 | 1 | 1 | 8 | 8 | 20 | |||