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| # | Team | P | W | D | L | Goals | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Raith Rovers | 25 | 17 | 5 | 3 | 51:21 | 56 |
| 2 | Ayr Utd | 24 | 15 | 3 | 6 | 64:32 | 48 |
| 3 | Alloa Athletic | 23 | 11 | 5 | 7 | 35:27 | 38 |
| 4 | Arbroath | 22 | 11 | 4 | 7 | 42:30 | 37 |
| 5 | Stranraer | 24 | 10 | 5 | 9 | 39:41 | 35 |
| 6 | East Fife | 25 | 9 | 3 | 13 | 36:44 | 30 |
| 7 | Airdrie United | 24 | 7 | 8 | 9 | 32:41 | 29 |
| 8 | Albion Rovers | 23 | 6 | 4 | 13 | 45:56 | 22 |
| 9 | Queen's Park | 25 | 5 | 6 | 14 | 28:53 | 21 |
| 10 | Forfar Athletic | 25 | 6 | 3 | 16 | 25:52 | 21 |