| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Raith | 18 | 8 | 1 | 0 | 5 | 1 | 0 | 2 | 1 | 0 | 48 |
| 2. | Ayr | 18 | 7 | 0 | 2 | 4 | 1 | 2 | 0 | 1 | 1 | 35 |
| 3. | Alloa | 18 | 6 | 2 | 0 | 4 | 2 | 2 | 0 | 0 | 2 | 34 |
| 4. | Airdrieonians | 18 | 4 | 3 | 0 | 4 | 2 | 1 | 0 | 1 | 3 | 30 |
| 5. | Stranraer | 18 | 5 | 0 | 1 | 4 | 1 | 3 | 0 | 0 | 4 | 28 |
| 6. | Arbroath | 18 | 5 | 1 | 2 | 2 | 2 | 0 | 0 | 2 | 4 | 26 |
| 7. | East Fife | 18 | 5 | 1 | 1 | 2 | 0 | 3 | 1 | 0 | 5 | 25 |
| 8. | Forfar Athletic | 18 | 4 | 2 | 0 | 2 | 1 | 1 | 0 | 0 | 8 | 21 |
| 9. | Queen's Park | 18 | 1 | 1 | 0 | 1 | 5 | 1 | 0 | 1 | 8 | 13 |
| 10. | Albion Rovers | 18 | 2 | 1 | 0 | 1 | 2 | 5 | 0 | 0 | 7 | 12 |