| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Third Lanark | 18 | 13 | 3 | 2 | 6 | 1 | 48 | 19 | +29 | 29 | 1.61 |
| 2 | Raith Rovers | 18 | 8 | 4 | 6 | 3 | 3 | 29 | 33 | -4 | 20 | 1.11 |
| 3 | Montrose | 18 | 9 | 1 | 8 | 1 | 2 | 39 | 43 | -4 | 19 | 1.06 |
| 4 | St Johnstone | 18 | 8 | 2 | 8 | 4 | 3 | 33 | 29 | +4 | 18 | 1.00 |
| 5 | St Bernard's | 20 | 7 | 6 | 7 | 3 | 2 | 42 | 39 | +3 | 20 | 1.00 |
| 6 | Dunfermline Athletic | 18 | 6 | 5 | 7 | 4 | 4 | 30 | 32 | -2 | 17 | 0.94 |
| 7 | King's Park | 20 | 7 | 4 | 9 | 2 | 3 | 43 | 37 | +6 | 18 | 0.90 |
| 8 | Dundee United | 18 | 5 | 6 | 7 | 4 | 4 | 32 | 30 | +2 | 16 | 0.89 |
| 9 | Queen of the South | 18 | 6 | 4 | 8 | 2 | 2 | 33 | 39 | -6 | 16 | 0.89 |
| 10 | East Stirlingshire | 18 | 6 | 3 | 9 | 1 | 2 | 34 | 36 | -2 | 15 | 0.83 |
| 11 | Dumbarton | 18 | 6 | 3 | 9 | 3 | 4 | 29 | 34 | -5 | 15 | 0.83 |
| 12 | Albion Rovers | 18 | 5 | 5 | 8 | 4 | 7 | 28 | 40 | -12 | 15 | 0.83 |
| 13 | Alloa Athletic | 20 | 6 | 4 | 10 | 2 | 6 | 32 | 51 | -19 | 16 | 0.80 |
| 14 | Arbroath | 20 | 6 | 3 | 11 | 3 | 3 | 35 | 44 | -9 | 15 | 0.75 |
| 15 | Forfar Athletic | 20 | 5 | 5 | 10 | 2 | 5 | 37 | 48 | -11 | 15 | 0.75 |
| 16 | Armadale | 20 | 6 | 0 | 14 | 2 | 6 | 38 | 58 | -20 | 12 | 0.60 |
| 17 | Bo'ness | 20 | 4 | 2 | 14 | 3 | 7 | 24 | 53 | -29 | 10 | 0.50 |
| 18 | Brechin City | 20 | 3 | 4 | 13 | 1 | 6 | 23 | 54 | -31 | 10 | 0.50 |
| 19 | Stenhousemuir | 20 | 2 | 4 | 14 | 2 | 6 | 29 | 66 | -37 | 8 | 0.40 |
| 20 | Clydebank (old) | 20 | 3 | 1 | 16 | 2 | 4 | 27 | 66 | -39 | 7 | 0.35 |
2 points for a win
Points per game, average goal difference then average goals scored applies
Points per game, average goal difference then average goals scored applies
