| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Fife | 18 | 14 | 2 | 2 | 9 | 0 | 37 | 16 | +21 | 44 | 2.44 |
| 2 | Stranraer | 18 | 9 | 5 | 4 | 5 | 2 | 36 | 22 | +14 | 32 | 1.78 |
| 3 | Montrose | 18 | 8 | 5 | 5 | 9 | 6 | 28 | 14 | +14 | 29 | 1.61 |
| 4 | Arbroath | 18 | 8 | 3 | 7 | 5 | 3 | 30 | 27 | +3 | 27 | 1.50 |
| 5 | Stenhousemuir | 18 | 7 | 4 | 7 | 2 | 5 | 27 | 32 | -5 | 25 | 1.39 |
| 6 | Albion Rovers | 18 | 5 | 3 | 10 | 3 | 8 | 22 | 33 | -11 | 18 | 1.00 |
| 7 | Elgin City | 18 | 4 | 6 | 8 | 4 | 9 | 21 | 35 | -14 | 18 | 1.00 |
| 8 | East Stirlingshire | 18 | 4 | 1 | 13 | 3 | 8 | 16 | 36 | -20 | 13 | 0.72 |
| 9 | Forfar Athletic | 18 | 2 | 6 | 10 | 4 | 8 | 15 | 36 | -21 | 12 | 0.67 |
| 10 | Dumbarton | 18 | 2 | 5 | 11 | 3 | 5 | 14 | 29 | -15 | 11 | 0.61 |
Points per game, average goal difference then average goals scored applies










