| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Ayr | 36 | 16 | 1 | 3 | 7 | 1 | 2 | 1 | 2 | 3 | 76 |
| 2. | Raith | 36 | 15 | 2 | 0 | 5 | 4 | 1 | 2 | 3 | 4 | 75 |
| 3. | Alloa | 36 | 11 | 3 | 0 | 6 | 5 | 5 | 0 | 1 | 5 | 60 |
| 4. | Arbroath | 36 | 10 | 2 | 3 | 6 | 3 | 1 | 1 | 3 | 7 | 59 |
| 5. | Stranraer | 36 | 8 | 1 | 1 | 6 | 2 | 7 | 2 | 2 | 7 | 53 |
| 6. | East Fife | 36 | 8 | 1 | 1 | 4 | 2 | 7 | 1 | 0 | 12 | 42 |
| 7. | Airdrieonians | 36 | 6 | 4 | 1 | 4 | 5 | 5 | 0 | 2 | 9 | 41 |
| 8. | Forfar Athletic | 36 | 5 | 2 | 0 | 5 | 3 | 6 | 1 | 0 | 14 | 38 |
| 9. | Queen's Park | 36 | 4 | 1 | 0 | 3 | 6 | 6 | 0 | 3 | 13 | 31 |
| 10. | Albion Rovers | 36 | 6 | 1 | 0 | 1 | 3 | 7 | 1 | 2 | 15 | 30 |