| Clubs | P | W | D | L | FA | Point | |
| 1 | Brechin City | 9 | 6 | 3 | 0 | 16-7 | 21 |
| 2 | Ayr United | 9 | 5 | 3 | 1 | 14-9 | 18 |
| 3 | Raith Rovers | 9 | 4 | 4 | 1 | 11-7 | 16 |
| 4 | Peterhead | 9 | 4 | 3 | 2 | 12-7 | 15 |
| 5 | East Fife | 9 | 3 | 3 | 3 | 11-8 | 12 |
| 6 | Stirling Albion | 9 | 2 | 5 | 2 | 11-11 | 11 |
| 7 | Queen's Park | 9 | 2 | 3 | 4 | 8-11 | 9 |
| 8 | Stranraer | 9 | 2 | 2 | 5 | 11-21 | 8 |
| 9 | Arbroath | 9 | 1 | 3 | 5 | 11-15 | 6 |
| 10 | Alloa Athletic | 9 | 1 | 1 | 7 | 10-19 | 4 |