| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Fife | 18 | 14 | 2 | 2 | 11 | 4 | 40 | 8 | +32 | 44 | 2.44 |
| 2 | Stranraer | 18 | 10 | 3 | 5 | 6 | 5 | 29 | 21 | +8 | 33 | 1.83 |
| 3 | Montrose | 18 | 9 | 3 | 6 | 4 | 6 | 31 | 22 | +9 | 30 | 1.67 |
| 4 | Elgin City | 18 | 9 | 2 | 7 | 3 | 2 | 35 | 33 | +2 | 29 | 1.61 |
| 5 | Dumbarton | 18 | 7 | 5 | 6 | 8 | 6 | 17 | 19 | -2 | 26 | 1.44 |
| 6 | Arbroath | 18 | 6 | 7 | 5 | 8 | 5 | 24 | 20 | +4 | 25 | 1.39 |
| 7 | Stenhousemuir | 18 | 6 | 5 | 7 | 5 | 6 | 23 | 27 | -4 | 23 | 1.28 |
| 8 | East Stirlingshire | 18 | 6 | 3 | 9 | 2 | 5 | 32 | 35 | -3 | 21 | 1.17 |
| 9 | Forfar Athletic | 18 | 6 | 3 | 9 | 5 | 4 | 20 | 26 | -6 | 21 | 1.17 |
| 10 | Albion Rovers | 18 | 4 | 7 | 7 | 2 | 4 | 29 | 35 | -6 | 19 | 1.06 |
Points per game, average goal difference then average goals scored applies











