| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Ayr | 18 | 13 | 2 | 3 | 49:22 | 27 | 41 | |
| 2. | Arbroath | 18 | 10 | 3 | 5 | 40:26 | 14 | 33 | |
| 3. | Raith | 18 | 7 | 6 | 5 | 32:23 | 9 | 27 | |
| 4. | Alloa | 18 | 7 | 5 | 6 | 24:19 | 5 | 26 | |
| 5. | Stranraer | 18 | 7 | 4 | 7 | 26:31 | -5 | 25 | |
| 6. | Albion Rovers | 18 | 5 | 3 | 10 | 35:40 | -5 | 18 | |
| 7. | Queen's Park | 18 | 5 | 3 | 10 | 20:31 | -11 | 18 | |
| 8. | East Fife | 18 | 5 | 2 | 11 | 16:30 | -14 | 17 | |
| 9. | Forfar Athletic | 18 | 5 | 2 | 11 | 20:35 | -15 | 17 | |
| 10. | Airdrieonians | 18 | 2 | 5 | 11 | 18:41 | -23 | 11 |