| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Meadowbank Thistle | 39 | 78 | 14 | 3 | 2 | 37 | 11 | 9 | 6 | 5 | 32 | 27 | |||
| 2 | Ayr United | 39 | 74 | 13 | 3 | 4 | 38 | 24 | 9 | 5 | 5 | 32 | 25 | |||
| 3 | Stirling Albion | 39 | 72 | 11 | 5 | 3 | 27 | 13 | 9 | 7 | 4 | 28 | 20 | |||
| 4 | Raith Rovers | 39 | 68 | 8 | 10 | 1 | 34 | 19 | 8 | 10 | 2 | 39 | 25 | |||
| 5 | St. Johnstone | 39 | 61 | 10 | 2 | 7 | 26 | 24 | 6 | 11 | 3 | 33 | 25 | |||
| 6 | Alloa Athletic | 39 | 58 | 9 | 3 | 8 | 26 | 27 | 8 | 4 | 7 | 23 | 23 | |||
| 7 | Cowdenbeath | 39 | 56 | 8 | 5 | 6 | 33 | 31 | 8 | 3 | 9 | 26 | 24 | |||
| 8 | Albion Rovers | 39 | 54 | 6 | 5 | 9 | 28 | 29 | 9 | 4 | 6 | 20 | 22 | |||
| 9 | Queen's Park | 39 | 46 | 5 | 12 | 2 | 27 | 20 | 4 | 7 | 9 | 21 | 29 | |||
| 10 | Arbroath | 39 | 40 | 5 | 5 | 10 | 25 | 33 | 6 | 2 | 11 | 21 | 33 | |||
| 11 | Stenhousemuir | 39 | 39 | 5 | 6 | 9 | 21 | 28 | 5 | 3 | 11 | 16 | 30 | |||
| 12 | Stranraer | 39 | 38 | 4 | 7 | 9 | 17 | 29 | 5 | 4 | 10 | 24 | 31 | |||
| 13 | 39 | 31 | 5 | 3 | 11 | 21 | 31 | 3 | 4 | 13 | 19 | 38 | ||||
| 14 | 39 | 29 | 3 | 6 | 11 | 17 | 31 | 3 | 5 | 11 | 16 | 25 | ||||