| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Cowdenbeath | 36 | 24 | 4 | 8 | 12 | 6 | 81 | 34 | +47 | 76 | 2.11 |
| 2 | Berwick Rangers | 36 | 23 | 7 | 6 | 16 | 6 | 54 | 27 | +27 | 76 | 2.11 |
| 3 | Stenhousemuir | 36 | 23 | 4 | 9 | 14 | 5 | 78 | 38 | +40 | 73 | 2.03 |
| 4 | Arbroath | 36 | 16 | 7 | 13 | 12 | 9 | 57 | 47 | +10 | 55 | 1.53 |
| 5 | Elgin City | 36 | 15 | 7 | 14 | 9 | 7 | 55 | 58 | -3 | 52 | 1.44 |
| 6 | Queen's Park | 36 | 13 | 12 | 11 | 11 | 12 | 47 | 42 | +5 | 51 | 1.42 |
| 7 | East Fife | 36 | 13 | 4 | 19 | 6 | 7 | 48 | 64 | -16 | 43 | 1.19 |
| 8 | Albion Rovers | 36 | 7 | 8 | 21 | 4 | 10 | 39 | 60 | -21 | 29 | 0.81 |
| 9 | Montrose | 36 | 6 | 10 | 20 | 8 | 17 | 31 | 59 | -28 | 28 | 0.78 |
| 10 | East Stirlingshire | 36 | 6 | 5 | 25 | 4 | 17 | 28 | 89 | -61 | 23 | 0.64 |
Points per game, average goal difference then average goals scored applies










