| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 15 | 32 | 5 | 3 | 0 | 18 | 8 | 4 | 2 | 1 | 9 | 4 | |||
| 2 | Brechin City | 15 | 32 | 6 | 1 | 0 | 16 | 7 | 3 | 4 | 1 | 11 | 12 | |||
| 3 | Ayr United | 15 | 31 | 5 | 3 | 0 | 15 | 8 | 4 | 1 | 2 | 15 | 9 | |||
| 4 | Peterhead | 15 | 22 | 4 | 2 | 2 | 17 | 7 | 2 | 2 | 3 | 5 | 8 | |||
| 5 | East Fife | 15 | 19 | 2 | 1 | 4 | 8 | 10 | 3 | 3 | 2 | 10 | 8 | |||
| 6 | Stirling Albion | 15 | 16 | 2 | 3 | 2 | 10 | 11 | 1 | 4 | 3 | 10 | 12 | |||
| 7 | Queen's Park | 15 | 15 | 1 | 4 | 2 | 5 | 8 | 2 | 2 | 4 | 9 | 13 | |||
| 8 | Alloa Athletic | 15 | 14 | 4 | 1 | 3 | 14 | 14 | 0 | 1 | 6 | 7 | 18 | |||
| 9 | Arbroath | 15 | 12 | 2 | 1 | 5 | 8 | 12 | 1 | 2 | 4 | 10 | 13 | |||
| 10 | Stranraer | 15 | 10 | 1 | 3 | 3 | 7 | 11 | 1 | 1 | 6 | 10 | 21 | |||