| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Raith | 36 | 16 | 11 | 9 | 53:36 | 17 | 59 | |
| 2. | Brechin | 36 | 16 | 7 | 13 | 63:59 | 4 | 55 | |
| 3. | Airdrieonians | 36 | 14 | 12 | 10 | 51:44 | 7 | 54 | |
| 4. | Forfar Athletic | 36 | 14 | 9 | 13 | 55:53 | 2 | 51 | |
| 5. | Berwick | 36 | 13 | 10 | 13 | 43:48 | -5 | 49 | |
| 6. | Dumbarton | 36 | 13 | 9 | 14 | 48:47 | 1 | 48 | |
| 7. | Stenhousemuir | 36 | 12 | 11 | 13 | 49:51 | -2 | 47 | |
| 8. | Hamilton | 36 | 12 | 11 | 13 | 43:48 | -5 | 47 | |
| 9. | Stranraer | 36 | 12 | 8 | 16 | 49:57 | -8 | 44 | |
| 10. | Cowdenbeath | 36 | 8 | 12 | 16 | 46:57 | -11 | 36 |