| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 23 | 46 | 8 | 3 | 0 | 23 | 10 | 5 | 4 | 3 | 15 | 11 | |||
| 2 | Ayr United | 22 | 41 | 7 | 4 | 0 | 22 | 11 | 5 | 1 | 5 | 18 | 17 | |||
| 3 | Brechin City | 22 | 37 | 6 | 2 | 2 | 18 | 11 | 4 | 5 | 3 | 16 | 16 | |||
| 4 | Stirling Albion | 22 | 34 | 4 | 3 | 3 | 14 | 15 | 5 | 4 | 3 | 23 | 16 | |||
| 5 | East Fife | 23 | 34 | 5 | 1 | 6 | 15 | 17 | 5 | 3 | 3 | 16 | 9 | |||
| 6 | Peterhead | 22 | 33 | 6 | 3 | 2 | 24 | 10 | 3 | 3 | 5 | 10 | 15 | |||
| 7 | Alloa Athletic | 24 | 26 | 6 | 3 | 3 | 21 | 19 | 1 | 2 | 9 | 11 | 26 | |||
| 8 | Arbroath | 23 | 24 | 4 | 1 | 7 | 14 | 16 | 3 | 2 | 6 | 19 | 19 | |||
| 9 | Queen's Park | 23 | 23 | 2 | 6 | 5 | 11 | 16 | 3 | 2 | 5 | 14 | 17 | |||
| 10 | Stranraer | 22 | 12 | 1 | 3 | 7 | 10 | 31 | 1 | 3 | 7 | 14 | 26 | |||