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