| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 21 | 44 | 8 | 3 | 0 | 23 | 10 | 5 | 2 | 3 | 13 | 9 | |||
| 2 | Ayr United | 19 | 37 | 6 | 3 | 0 | 18 | 8 | 5 | 1 | 4 | 16 | 14 | |||
| 3 | Brechin City | 19 | 33 | 6 | 1 | 1 | 16 | 8 | 3 | 5 | 3 | 13 | 16 | |||
| 4 | East Fife | 21 | 31 | 4 | 1 | 5 | 11 | 12 | 5 | 3 | 3 | 16 | 9 | |||
| 5 | Peterhead | 20 | 29 | 6 | 3 | 2 | 24 | 10 | 2 | 2 | 5 | 6 | 14 | |||
| 6 | Stirling Albion | 20 | 28 | 4 | 3 | 3 | 14 | 15 | 3 | 4 | 3 | 13 | 13 | |||
| 7 | Queen's Park | 20 | 22 | 2 | 5 | 4 | 9 | 13 | 3 | 2 | 4 | 12 | 13 | |||
| 8 | Alloa Athletic | 20 | 19 | 5 | 2 | 3 | 18 | 17 | 0 | 2 | 8 | 9 | 24 | |||
| 9 | Arbroath | 20 | 18 | 3 | 1 | 7 | 13 | 16 | 2 | 2 | 5 | 13 | 16 | |||
| 10 | Stranraer | 18 | 11 | 1 | 3 | 4 | 7 | 15 | 1 | 2 | 7 | 13 | 25 | |||