| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Raith | 18 | 10 | 4 | 4 | 28:14 | 14 | 34 | |
| 2. | Airdrieonians | 18 | 8 | 8 | 2 | 24:15 | 9 | 32 | |
| 3. | Stenhousemuir | 18 | 8 | 6 | 4 | 32:27 | 5 | 30 | |
| 4. | Dumbarton | 18 | 8 | 5 | 5 | 31:23 | 8 | 29 | |
| 5. | Forfar Athletic | 18 | 8 | 5 | 5 | 32:25 | 7 | 29 | |
| 6. | Stranraer | 18 | 8 | 4 | 6 | 28:23 | 5 | 28 | |
| 7. | Brechin | 18 | 8 | 4 | 6 | 32:31 | 1 | 28 | |
| 8. | Hamilton | 18 | 7 | 3 | 8 | 23:26 | -3 | 24 | |
| 9. | Berwick | 18 | 6 | 6 | 6 | 21:24 | -3 | 24 | |
| 10. | Cowdenbeath | 18 | 5 | 5 | 8 | 20:21 | -1 | 20 |