| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|
| 1. | Queen of South | 18 | 14 | 2 | 2 | 51:14 | 37 | 44 | |
| 2. | Alloa | 18 | 11 | 3 | 4 | 31:16 | 15 | 36 | |
| 3. | Brechin | 18 | 7 | 3 | 8 | 28:29 | -1 | 24 | |
| 4. | Forfar Athletic | 18 | 7 | 1 | 10 | 28:36 | -8 | 22 | |
| 5. | Arbroath | 18 | 6 | 3 | 9 | 17:33 | -16 | 21 | |
| 6. | Stenhousemuir | 18 | 4 | 8 | 6 | 32:37 | -5 | 20 | |
| 7. | Ayr | 18 | 4 | 3 | 11 | 23:35 | -12 | 15 | |
| 8. | East Fife | 18 | 3 | 4 | 11 | 22:36 | -14 | 13 | |
| 9. | Stranraer | 18 | 3 | 3 | 12 | 16:38 | -22 | 12 | |
| 10. | Albion Rovers | 18 | 2 | 1 | 15 | 17:43 | -26 | 7 | |
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