| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Fife | 18 | 10 | 7 | 1 | 8 | 3 | 38 | 15 | +23 | 37 | 2.06 |
| 2 | Albion Rovers | 18 | 11 | 4 | 3 | 8 | 3 | 31 | 16 | +15 | 37 | 2.06 |
| 3 | Morton | 18 | 8 | 5 | 5 | 8 | 3 | 25 | 19 | +6 | 29 | 1.61 |
| 4 | Peterhead | 18 | 7 | 4 | 7 | 4 | 7 | 27 | 22 | +5 | 25 | 1.39 |
| 5 | Gretna | 18 | 7 | 4 | 7 | 5 | 4 | 24 | 23 | +1 | 25 | 1.39 |
| 6 | Stirling Albion | 18 | 6 | 7 | 5 | 5 | 3 | 26 | 28 | -2 | 25 | 1.39 |
| 7 | Queen's Park | 18 | 4 | 6 | 8 | 5 | 7 | 18 | 22 | -4 | 18 | 1.00 |
| 8 | Montrose | 18 | 3 | 7 | 8 | 4 | 6 | 18 | 30 | -12 | 16 | 0.89 |
| 9 | Elgin City | 18 | 2 | 6 | 10 | 1 | 8 | 16 | 39 | -23 | 12 | 0.67 |
| 10 | East Stirlingshire | 18 | 2 | 2 | 14 | 1 | 6 | 21 | 59 | -38 | 8 | 0.44 |
3 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
