| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 25 | 66 | 12 | 2 | 0 | 33 | 6 | 9 | 1 | 1 | 33 | 8 | |||
| 2 | Alloa Athletic | 25 | 45 | 7 | 4 | 3 | 25 | 15 | 6 | 2 | 3 | 17 | 10 | |||
| 3 | Brechin City | 21 | 38 | 8 | 0 | 2 | 26 | 15 | 4 | 2 | 5 | 15 | 17 | |||
| 4 | Forfar Athletic | 26 | 35 | 7 | 1 | 4 | 26 | 23 | 4 | 1 | 9 | 19 | 31 | |||
| 5 | Arbroath | 25 | 35 | 7 | 2 | 2 | 22 | 13 | 3 | 3 | 8 | 13 | 31 | |||
| 6 | Stenhousemuir | 25 | 33 | 6 | 3 | 3 | 16 | 14 | 2 | 6 | 5 | 22 | 28 | |||
| 7 | Ayr United | 25 | 29 | 6 | 2 | 5 | 25 | 23 | 2 | 3 | 7 | 14 | 23 | |||
| 8 | East Fife | 25 | 26 | 4 | 3 | 5 | 19 | 17 | 3 | 2 | 8 | 19 | 23 | |||
| 9 | Stranraer | 25 | 26 | 5 | 4 | 5 | 20 | 24 | 2 | 1 | 8 | 9 | 26 | |||
| 10 | Albion Rovers | 24 | 14 | 3 | 1 | 7 | 17 | 23 | 1 | 1 | 11 | 12 | 32 | |||