| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 27 | 58 | 12 | 2 | 0 | 30 | 9 | 5 | 5 | 3 | 25 | 16 | |||
| 2 | Ayr United | 26 | 54 | 8 | 2 | 4 | 33 | 18 | 9 | 1 | 2 | 37 | 14 | |||
| 3 | Arbroath | 26 | 42 | 5 | 3 | 5 | 22 | 20 | 7 | 3 | 3 | 29 | 18 | |||
| 4 | Alloa Athletic | 26 | 42 | 8 | 3 | 2 | 24 | 16 | 4 | 3 | 6 | 16 | 15 | |||
| 5 | Stranraer | 27 | 38 | 8 | 1 | 5 | 26 | 26 | 3 | 4 | 6 | 16 | 24 | |||
| 6 | East Fife | 27 | 33 | 7 | 1 | 6 | 27 | 25 | 3 | 2 | 8 | 11 | 22 | |||
| 7 | Airdrie United | 26 | 32 | 6 | 5 | 1 | 19 | 10 | 2 | 3 | 9 | 15 | 35 | |||
| 8 | Forfar Athletic | 27 | 25 | 4 | 2 | 7 | 15 | 25 | 3 | 2 | 9 | 17 | 30 | |||
| 9 | Albion Rovers | 25 | 23 | 2 | 2 | 7 | 15 | 28 | 4 | 3 | 7 | 32 | 32 | |||
| 10 | Queen's Park | 27 | 22 | 1 | 6 | 7 | 16 | 36 | 4 | 1 | 8 | 15 | 21 | |||