| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 17 | 38 | 6 | 3 | 0 | 20 | 9 | 5 | 2 | 1 | 11 | 5 | |||
| 2 | Ayr United | 17 | 34 | 6 | 3 | 0 | 18 | 8 | 4 | 1 | 3 | 15 | 12 | |||
| 3 | Brechin City | 16 | 32 | 6 | 1 | 0 | 16 | 7 | 3 | 4 | 2 | 12 | 14 | |||
| 4 | Peterhead | 17 | 25 | 5 | 2 | 2 | 20 | 7 | 2 | 2 | 4 | 5 | 12 | |||
| 5 | East Fife | 18 | 25 | 3 | 1 | 5 | 9 | 11 | 4 | 3 | 2 | 14 | 8 | |||
| 6 | Stirling Albion | 17 | 19 | 2 | 3 | 3 | 10 | 14 | 2 | 4 | 3 | 11 | 12 | |||
| 7 | Arbroath | 18 | 18 | 3 | 1 | 5 | 12 | 12 | 2 | 2 | 5 | 13 | 16 | |||
| 8 | Queen's Park | 18 | 18 | 1 | 4 | 4 | 7 | 12 | 3 | 2 | 4 | 12 | 13 | |||
| 9 | Alloa Athletic | 18 | 17 | 5 | 1 | 3 | 16 | 15 | 0 | 1 | 8 | 7 | 22 | |||
| 10 | Stranraer | 16 | 10 | 1 | 3 | 4 | 7 | 15 | 1 | 1 | 6 | 10 | 21 | |||