| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Berwick Rangers | 20 | 14 | 4 | 2 | 11 | 4 | 34 | 11 | +23 | 46 | 2.30 |
| 2 | Queen's Park | 20 | 13 | 4 | 3 | 8 | 3 | 34 | 17 | +17 | 43 | 2.15 |
| 3 | Forfar Athletic | 20 | 12 | 4 | 4 | 11 | 4 | 37 | 16 | +21 | 40 | 2.00 |
| 4 | East Fife | 20 | 11 | 4 | 5 | 6 | 2 | 29 | 22 | +7 | 37 | 1.85 |
| 5 | Dumbarton | 16 | 9 | 2 | 5 | 4 | 2 | 30 | 22 | +8 | 29 | 1.81 |
| 6 | Cowdenbeath | 20 | 10 | 5 | 5 | 7 | 5 | 36 | 18 | +18 | 35 | 1.75 |
| 7 | East Stirlingshire | 16 | 8 | 4 | 4 | 5 | 5 | 20 | 19 | +1 | 28 | 1.75 |
| 8 | Brechin City | 16 | 7 | 4 | 5 | 7 | 5 | 25 | 14 | +11 | 25 | 1.56 |
| 9 | Montrose | 16 | 6 | 2 | 8 | 4 | 6 | 19 | 22 | -3 | 20 | 1.25 |
| 10 | Albion Rovers | 16 | 2 | 4 | 10 | 3 | 5 | 17 | 34 | -17 | 10 | 0.63 |
Points per game, average goal difference then average goals scored applies










