| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Cowdenbeath | 16 | 9 | 4 | 3 | 8 | 6 | 21 | 14 | +7 | 31 | 1.94 |
| 2 | Hamilton Academical | 16 | 7 | 7 | 2 | 6 | 4 | 26 | 14 | +12 | 28 | 1.75 |
| 3 | Brechin City | 16 | 7 | 3 | 6 | 5 | 4 | 24 | 20 | +4 | 24 | 1.50 |
| 4 | Peterhead | 16 | 4 | 4 | 8 | 3 | 6 | 17 | 26 | -9 | 16 | 1.00 |
| 5 | Albion Rovers | 20 | 4 | 6 | 10 | 5 | 8 | 16 | 26 | -10 | 18 | 0.90 |
| 6 | Dumbarton | 20 | 5 | 3 | 12 | 5 | 6 | 22 | 33 | -11 | 18 | 0.90 |
| 7 | East Stirlingshire | 20 | 5 | 2 | 13 | 3 | 7 | 21 | 48 | -27 | 17 | 0.85 |
| 8 | East Fife | 16 | 2 | 4 | 10 | 2 | 4 | 14 | 28 | -14 | 10 | 0.63 |
| 9 | Montrose | 20 | 1 | 4 | 15 | 0 | 9 | 14 | 46 | -32 | 7 | 0.35 |
| 10 | Elgin City | 20 | 0 | 4 | 16 | 0 | 8 | 14 | 44 | -30 | 4 | 0.20 |
Points per game, average goal difference then average goals scored applies










