| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Ayr United | 39 | 88 | 15 | 2 | 2 | 52 | 14 | 12 | 5 | 3 | 43 | 17 | |||
| 2 | St. Johnstone | 39 | 84 | 14 | 5 | 1 | 40 | 11 | 11 | 4 | 4 | 34 | 13 | |||
| 3 | Queen's Park | 39 | 72 | 10 | 6 | 4 | 30 | 20 | 11 | 3 | 5 | 34 | 24 | |||
| 4 | Brechin City | 39 | 68 | 12 | 3 | 5 | 33 | 20 | 8 | 5 | 6 | 23 | 20 | |||
| 5 | Stirling Albion | 39 | 64 | 12 | 4 | 4 | 34 | 23 | 6 | 6 | 7 | 26 | 28 | |||
| 6 | 39 | 58 | 8 | 5 | 6 | 26 | 24 | 7 | 8 | 5 | 26 | 24 | ||||
| 7 | Alloa Athletic | 39 | 56 | 10 | 4 | 6 | 30 | 19 | 6 | 4 | 9 | 20 | 27 | |||
| 8 | Montrose | 39 | 47 | 6 | 4 | 9 | 21 | 25 | 6 | 7 | 7 | 24 | 26 | |||
| 9 | Stenhousemuir | 39 | 45 | 5 | 6 | 8 | 19 | 25 | 7 | 3 | 10 | 30 | 33 | |||
| 10 | Arbroath | 39 | 44 | 8 | 6 | 5 | 32 | 24 | 2 | 8 | 10 | 22 | 42 | |||
| 11 | Cowdenbeath | 39 | 43 | 6 | 7 | 7 | 30 | 36 | 4 | 6 | 9 | 21 | 30 | |||
| 12 | Albion Rovers | 39 | 41 | 6 | 5 | 8 | 21 | 33 | 4 | 6 | 10 | 24 | 42 | |||
| 13 | 39 | 22 | 3 | 4 | 13 | 18 | 38 | 3 | 0 | 16 | 15 | 40 | ||||
| 14 | Stranraer | 39 | 20 | 2 | 6 | 11 | 22 | 42 | 2 | 2 | 16 | 12 | 42 | |||