| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 28 | 58 | 12 | 2 | 0 | 30 | 9 | 5 | 5 | 4 | 25 | 19 | |||
| 2 | Ayr United | 27 | 57 | 9 | 2 | 4 | 36 | 18 | 9 | 1 | 2 | 37 | 14 | |||
| 3 | Arbroath | 27 | 45 | 6 | 3 | 5 | 24 | 20 | 7 | 3 | 3 | 29 | 18 | |||
| 4 | Alloa Athletic | 27 | 45 | 8 | 3 | 2 | 24 | 16 | 5 | 3 | 6 | 18 | 16 | |||
| 5 | Stranraer | 28 | 38 | 8 | 1 | 6 | 28 | 29 | 3 | 4 | 6 | 16 | 24 | |||
| 6 | East Fife | 28 | 36 | 8 | 1 | 6 | 29 | 26 | 3 | 2 | 8 | 11 | 22 | |||
| 7 | Airdrie United | 27 | 32 | 6 | 5 | 1 | 19 | 10 | 2 | 3 | 10 | 16 | 37 | |||
| 8 | Albion Rovers | 26 | 26 | 2 | 2 | 7 | 15 | 28 | 5 | 3 | 7 | 35 | 34 | |||
| 9 | Forfar Athletic | 28 | 25 | 4 | 2 | 7 | 15 | 25 | 3 | 2 | 10 | 17 | 32 | |||
| 10 | Queen's Park | 28 | 22 | 1 | 6 | 8 | 17 | 38 | 4 | 1 | 8 | 15 | 21 | |||