| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 31 | 82 | 14 | 2 | 0 | 37 | 7 | 12 | 2 | 1 | 45 | 12 | |||
| 2 | Alloa Athletic | 31 | 55 | 7 | 4 | 5 | 26 | 18 | 9 | 3 | 3 | 27 | 14 | |||
| 3 | Brechin City | 27 | 48 | 9 | 0 | 3 | 28 | 22 | 6 | 3 | 6 | 22 | 23 | |||
| 4 | Arbroath | 30 | 42 | 7 | 3 | 4 | 25 | 20 | 5 | 3 | 8 | 18 | 33 | |||
| 5 | Forfar Athletic | 29 | 39 | 8 | 2 | 5 | 34 | 31 | 4 | 1 | 9 | 19 | 31 | |||
| 6 | Ayr United | 31 | 38 | 8 | 2 | 6 | 30 | 27 | 3 | 3 | 9 | 19 | 28 | |||
| 7 | Stenhousemuir | 30 | 36 | 6 | 5 | 4 | 20 | 19 | 2 | 7 | 6 | 28 | 35 | |||
| 8 | Stranraer | 29 | 29 | 6 | 4 | 6 | 24 | 28 | 2 | 1 | 10 | 11 | 31 | |||
| 9 | East Fife | 29 | 27 | 4 | 3 | 7 | 21 | 21 | 3 | 3 | 9 | 21 | 26 | |||
| 10 | Albion Rovers | 29 | 21 | 4 | 2 | 8 | 23 | 32 | 2 | 1 | 12 | 15 | 35 | |||