| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Stirlingshire | 18 | 9 | 3 | 6 | 7 | 5 | 27 | 21 | +6 | 30 | 1.67 |
| 2 | Dumbarton | 18 | 8 | 5 | 5 | 4 | 3 | 27 | 23 | +4 | 29 | 1.61 |
| 3 | Forfar Athletic | 18 | 8 | 4 | 6 | 5 | 6 | 27 | 23 | +4 | 28 | 1.56 |
| 4 | Stenhousemuir | 18 | 8 | 3 | 7 | 4 | 4 | 32 | 27 | +5 | 27 | 1.50 |
| 5 | Montrose | 18 | 8 | 3 | 7 | 5 | 2 | 24 | 24 | 0 | 27 | 1.50 |
| 6 | Cowdenbeath | 18 | 7 | 4 | 7 | 6 | 4 | 21 | 19 | +2 | 25 | 1.39 |
| 7 | Annan Athletic | 18 | 6 | 4 | 8 | 5 | 4 | 21 | 22 | -1 | 22 | 1.22 |
| 8 | Albion Rovers | 18 | 5 | 4 | 9 | 3 | 8 | 21 | 22 | -1 | 19 | 1.06 |
| 9 | Berwick Rangers | 18 | 4 | 3 | 11 | 2 | 6 | 22 | 32 | -10 | 15 | 0.83 |
| 10 | Elgin City | 18 | 2 | 3 | 13 | 2 | 7 | 15 | 47 | -32 | 9 | 0.50 |
Points per game, average goal difference then average goals scored applies










