| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 22 | 45 | 8 | 3 | 0 | 23 | 10 | 5 | 3 | 3 | 13 | 9 | |||
| 2 | Ayr United | 20 | 40 | 7 | 3 | 0 | 20 | 9 | 5 | 1 | 4 | 16 | 14 | |||
| 3 | East Fife | 22 | 34 | 5 | 1 | 5 | 15 | 14 | 5 | 3 | 3 | 16 | 9 | |||
| 4 | Brechin City | 20 | 34 | 6 | 2 | 1 | 17 | 9 | 3 | 5 | 3 | 13 | 16 | |||
| 5 | Stirling Albion | 21 | 31 | 4 | 3 | 3 | 14 | 15 | 4 | 4 | 3 | 21 | 15 | |||
| 6 | Peterhead | 21 | 30 | 6 | 3 | 2 | 24 | 10 | 2 | 3 | 5 | 7 | 15 | |||
| 7 | Queen's Park | 21 | 22 | 2 | 5 | 4 | 9 | 13 | 3 | 2 | 5 | 14 | 17 | |||
| 8 | Alloa Athletic | 21 | 20 | 5 | 3 | 3 | 18 | 17 | 0 | 2 | 8 | 9 | 24 | |||
| 9 | Arbroath | 21 | 18 | 3 | 1 | 7 | 13 | 16 | 2 | 2 | 6 | 14 | 18 | |||
| 10 | Stranraer | 19 | 11 | 1 | 3 | 5 | 9 | 23 | 1 | 2 | 7 | 13 | 25 | |||