| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Raith | 36 | 8 | 3 | 1 | 8 | 7 | 2 | 0 | 1 | 6 | 59 |
| 2. | Brechin | 36 | 12 | 0 | 0 | 3 | 4 | 6 | 1 | 3 | 7 | 55 |
| 3. | Airdrieonians | 36 | 4 | 1 | 0 | 9 | 10 | 4 | 1 | 1 | 6 | 54 |
| 4. | Forfar Athletic | 36 | 6 | 0 | 0 | 6 | 7 | 6 | 2 | 2 | 7 | 51 |
| 5. | Berwick | 36 | 4 | 1 | 0 | 8 | 7 | 7 | 1 | 2 | 6 | 49 |
| 6. | Dumbarton | 36 | 9 | 2 | 2 | 3 | 5 | 5 | 1 | 2 | 7 | 48 |
| 7. | Stenhousemuir | 36 | 5 | 2 | 0 | 6 | 9 | 6 | 1 | 0 | 7 | 47 |
| 8. | Hamilton | 36 | 4 | 2 | 2 | 8 | 8 | 5 | 0 | 1 | 6 | 47 |
| 9. | Stranraer | 36 | 10 | 1 | 1 | 2 | 6 | 8 | 0 | 1 | 7 | 44 |
| 10. | Cowdenbeath | 36 | 4 | 3 | 1 | 4 | 7 | 8 | 0 | 2 | 7 | 36 |