| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Ayr United | 34 | 73 | 10 | 2 | 5 | 41 | 20 | 13 | 2 | 2 | 48 | 20 | |||
| 2 | Raith Rovers | 34 | 71 | 15 | 2 | 0 | 36 | 9 | 6 | 6 | 5 | 29 | 23 | |||
| 3 | Arbroath | 34 | 56 | 6 | 5 | 6 | 28 | 25 | 10 | 3 | 4 | 40 | 23 | |||
| 4 | Alloa Athletic | 34 | 56 | 9 | 4 | 4 | 30 | 23 | 7 | 4 | 6 | 24 | 19 | |||
| 5 | Stranraer | 34 | 50 | 9 | 1 | 7 | 32 | 32 | 6 | 4 | 7 | 23 | 29 | |||
| 6 | East Fife | 34 | 42 | 8 | 1 | 8 | 31 | 34 | 5 | 2 | 10 | 16 | 29 | |||
| 7 | Airdrie United | 34 | 41 | 8 | 6 | 3 | 27 | 17 | 2 | 5 | 10 | 18 | 39 | |||
| 8 | Forfar Athletic | 34 | 34 | 6 | 2 | 9 | 19 | 29 | 4 | 2 | 11 | 18 | 34 | |||
| 9 | Albion Rovers | 34 | 27 | 2 | 3 | 12 | 21 | 40 | 5 | 3 | 9 | 35 | 38 | |||
| 10 | Queen's Park | 34 | 27 | 1 | 7 | 9 | 19 | 41 | 5 | 2 | 10 | 19 | 30 | |||