| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Ayr United | 27 | 54 | 9 | 5 | 0 | 32 | 14 | 7 | 1 | 5 | 22 | 17 | |||
| 2 | Raith Rovers | 27 | 51 | 8 | 5 | 1 | 27 | 15 | 6 | 4 | 3 | 16 | 11 | |||
| 3 | Peterhead | 28 | 47 | 9 | 4 | 2 | 29 | 11 | 4 | 4 | 5 | 16 | 18 | |||
| 4 | Brechin City | 27 | 47 | 8 | 2 | 2 | 21 | 12 | 5 | 6 | 4 | 21 | 22 | |||
| 5 | Stirling Albion | 27 | 40 | 4 | 5 | 4 | 17 | 19 | 6 | 5 | 3 | 27 | 19 | |||
| 6 | East Fife | 27 | 37 | 5 | 1 | 7 | 15 | 18 | 6 | 3 | 5 | 18 | 13 | |||
| 7 | Alloa Athletic | 29 | 33 | 7 | 3 | 5 | 25 | 23 | 2 | 3 | 9 | 14 | 27 | |||
| 8 | Arbroath | 28 | 29 | 5 | 2 | 7 | 17 | 16 | 3 | 3 | 8 | 20 | 23 | |||
| 9 | Queen's Park | 28 | 26 | 2 | 6 | 6 | 11 | 19 | 3 | 5 | 6 | 18 | 24 | |||
| 10 | Stranraer | 28 | 13 | 1 | 4 | 9 | 13 | 39 | 1 | 3 | 10 | 14 | 33 | |||