| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 12 | 25 | 4 | 2 | 0 | 13 | 6 | 3 | 2 | 1 | 7 | 4 | |||
| 2 | Brechin City | 12 | 25 | 5 | 1 | 0 | 14 | 6 | 2 | 3 | 1 | 7 | 9 | |||
| 3 | Ayr United | 12 | 22 | 3 | 3 | 0 | 8 | 4 | 3 | 1 | 2 | 12 | 9 | |||
| 4 | East Fife | 12 | 19 | 2 | 1 | 3 | 8 | 8 | 3 | 3 | 0 | 7 | 2 | |||
| 5 | Peterhead | 12 | 18 | 3 | 1 | 2 | 12 | 5 | 2 | 2 | 2 | 5 | 5 | |||
| 6 | Stirling Albion | 12 | 15 | 2 | 3 | 1 | 10 | 9 | 1 | 3 | 2 | 6 | 7 | |||
| 7 | Queen's Park | 12 | 12 | 1 | 4 | 1 | 5 | 5 | 1 | 2 | 3 | 5 | 8 | |||
| 8 | Alloa Athletic | 12 | 10 | 3 | 1 | 2 | 9 | 8 | 0 | 0 | 6 | 5 | 16 | |||
| 9 | Stranraer | 12 | 9 | 1 | 2 | 3 | 5 | 9 | 1 | 1 | 4 | 8 | 17 | |||
| 10 | Arbroath | 12 | 6 | 1 | 1 | 4 | 6 | 10 | 0 | 2 | 4 | 8 | 13 | |||