| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Clyde | 39 | 53 | +39 | 21 | 11 | 7 | 71 | 32 |
| 2 | Raith Rovers | 39 | 53 | +29 | 19 | 15 | 5 | 63 | 34 |
| 3 | Dunfermline Athletic | 39 | 48 | +23 | 18 | 12 | 9 | 64 | 41 |
| 4 | 39 | 48 | +17 | 16 | 16 | 7 | 68 | 51 | |
| 5 | Falkirk | 39 | 44 | +5 | 15 | 14 | 10 | 51 | 46 |
| 6 | Forfar Athletic | 39 | 42 | +6 | 17 | 8 | 14 | 61 | 55 |
| 7 | Queen's Park | 39 | 41 | +1 | 13 | 15 | 11 | 52 | 51 |
| 8 | Albion Rovers | 39 | 40 | 0 | 16 | 8 | 15 | 68 | 68 |
| 9 | 39 | 38 | -10 | 15 | 8 | 16 | 55 | 65 | |
| 10 | Cowdenbeath | 39 | 34 | -3 | 13 | 8 | 18 | 75 | 78 |
| 11 | Stranraer | 39 | 33 | -9 | 13 | 7 | 19 | 54 | 63 |
| 12 | Stenhousemuir | 39 | 30 | -24 | 10 | 10 | 19 | 43 | 67 |
| 13 | Meadowbank Thistle | 39 | 22 | -46 | 6 | 10 | 23 | 43 | 89 |
| 14 | Brechin City | 39 | 20 | -28 | 7 | 6 | 26 | 45 | 73 |