| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Queen of South | 18 | 12 | 1 | 0 | 2 | 1 | 0 | 1 | 1 | 0 | 48 |
| 2. | Brechin | 18 | 10 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 4 | 37 |
| 3. | Forfar Athletic | 18 | 7 | 0 | 0 | 2 | 1 | 3 | 1 | 1 | 3 | 32 |
| 4. | Alloa | 18 | 7 | 1 | 1 | 2 | 1 | 2 | 0 | 2 | 2 | 31 |
| 5. | Arbroath | 18 | 5 | 0 | 0 | 4 | 3 | 2 | 0 | 1 | 3 | 31 |
| 6. | Stenhousemuir | 18 | 3 | 0 | 0 | 5 | 4 | 0 | 0 | 1 | 5 | 29 |
| 7. | Ayr | 18 | 5 | 1 | 2 | 1 | 1 | 3 | 2 | 0 | 3 | 26 |
| 8. | Stranraer | 18 | 5 | 1 | 0 | 0 | 1 | 1 | 2 | 2 | 6 | 25 |
| 9. | East Fife | 18 | 4 | 1 | 0 | 1 | 3 | 3 | 0 | 0 | 6 | 19 |
| 10. | Albion Rovers | 18 | 4 | 0 | 1 | 1 | 1 | 3 | 0 | 1 | 7 | 17 |