| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Greenock Morton | 23 | 55 | 9 | 3 | 0 | 22 | 6 | 8 | 1 | 2 | 25 | 12 | |||
| 2 | Stirling Albion | 24 | 48 | 9 | 2 | 2 | 30 | 13 | 5 | 4 | 2 | 17 | 12 | |||
| 3 | Brechin City | 24 | 40 | 7 | 1 | 4 | 23 | 15 | 5 | 3 | 4 | 19 | 15 | |||
| 4 | Raith Rovers | 24 | 36 | 4 | 4 | 4 | 16 | 15 | 6 | 2 | 4 | 14 | 10 | |||
| 5 | Ayr United | 24 | 30 | 3 | 2 | 6 | 9 | 12 | 5 | 4 | 4 | 16 | 15 | |||
| 6 | Cowdenbeath | 23 | 28 | 5 | 3 | 4 | 29 | 23 | 3 | 1 | 7 | 13 | 15 | |||
| 7 | Alloa Athletic | 24 | 28 | 3 | 5 | 3 | 15 | 14 | 4 | 2 | 7 | 14 | 32 | |||
| 8 | Peterhead | 24 | 27 | 5 | 1 | 6 | 28 | 20 | 3 | 2 | 7 | 17 | 24 | |||
| 9 | Stranraer | 23 | 22 | 5 | 1 | 5 | 15 | 21 | 1 | 3 | 8 | 12 | 33 | |||
| 10 | Forfar Athletic | 23 | 15 | 3 | 3 | 6 | 16 | 17 | 0 | 3 | 8 | 9 | 35 | |||