| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Albion Rovers | 16 | 8 | 4 | 4 | 7 | 4 | 23 | 19 | +4 | 28 | 1.75 |
| 2 | Morton | 16 | 8 | 2 | 6 | 4 | 2 | 27 | 21 | +6 | 26 | 1.63 |
| 3 | Peterhead | 16 | 6 | 4 | 6 | 6 | 7 | 24 | 18 | +6 | 22 | 1.38 |
| 4 | East Fife | 16 | 4 | 7 | 5 | 3 | 5 | 21 | 24 | -3 | 19 | 1.19 |
| 5 | Stirling Albion | 16 | 4 | 3 | 9 | 3 | 5 | 18 | 31 | -13 | 15 | 0.94 |
| 6 | Gretna | 20 | 2 | 7 | 11 | 3 | 6 | 20 | 35 | -15 | 13 | 0.65 |
| 7 | Queen's Park | 20 | 2 | 6 | 12 | 3 | 8 | 17 | 31 | -14 | 12 | 0.60 |
| 8 | Elgin City | 20 | 1 | 7 | 12 | 2 | 11 | 14 | 42 | -28 | 10 | 0.50 |
| 9 | Montrose | 20 | 0 | 6 | 14 | 1 | 11 | 12 | 43 | -31 | 6 | 0.30 |
| 10 | East Stirlingshire | 20 | 0 | 3 | 17 | 0 | 9 | 11 | 64 | -53 | 3 | 0.15 |
Points per game, average goal difference then average goals scored applies










