| # | 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 | 36 | 24 | 1 | 0 | 4 | 3 | 2 | 1 | 1 | 0 | 92 |
| 2. | Alloa | 36 | 14 | 2 | 2 | 6 | 3 | 3 | 0 | 2 | 4 | 67 |
| 3. | Brechin | 36 | 12 | 0 | 1 | 5 | 2 | 1 | 2 | 2 | 11 | 61 |
| 4. | Forfar Athletic | 36 | 11 | 1 | 0 | 5 | 1 | 5 | 1 | 1 | 11 | 54 |
| 5. | Arbroath | 36 | 7 | 0 | 1 | 7 | 5 | 4 | 1 | 2 | 9 | 52 |
| 6. | Stenhousemuir | 36 | 5 | 3 | 0 | 6 | 7 | 0 | 1 | 3 | 11 | 49 |
| 7. | Ayr | 36 | 9 | 2 | 2 | 1 | 2 | 4 | 2 | 1 | 13 | 41 |
| 8. | Stranraer | 36 | 8 | 2 | 1 | 0 | 3 | 3 | 2 | 2 | 15 | 37 |
| 9. | East Fife | 36 | 6 | 3 | 2 | 1 | 5 | 7 | 1 | 0 | 11 | 32 |
| 10. | Albion Rovers | 36 | 5 | 1 | 2 | 2 | 1 | 8 | 0 | 1 | 16 | 24 |