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