| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Raith | 28 | 15 | 8 | 5 | 49:33 | 16 | 53 | |
| 2. | Falkirk | 28 | 14 | 10 | 4 | 54:18 | 36 | 52 | |
| 3. | Airdrieonians | 28 | 14 | 6 | 8 | 38:27 | 11 | 48 | |
| 4. | Montrose | 28 | 15 | 2 | 11 | 48:38 | 10 | 47 | |
| 5. | East Fife | 28 | 12 | 9 | 7 | 44:36 | 8 | 45 | |
| 6. | Dumbarton | 28 | 11 | 5 | 12 | 35:44 | -9 | 38 | |
| 7. | Clyde | 28 | 9 | 7 | 12 | 35:43 | -8 | 34 | |
| 8. | Peterhead | 27 | 7 | 5 | 15 | 30:44 | -14 | 26 | |
| 9. | Forfar Athletic | 28 | 6 | 6 | 16 | 26:47 | -21 | 24 | |
| 10. | Stranraer | 27 | 2 | 10 | 15 | 28:57 | -29 | 16 |