| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Albion Rovers | 18 | 8 | 6 | 4 | 5 | 2 | 31 | 24 | +7 | 30 | 1.67 |
| 2 | Annan Athletic | 18 | 8 | 6 | 4 | 7 | 5 | 26 | 20 | +6 | 30 | 1.67 |
| 3 | Arbroath | 18 | 9 | 2 | 7 | 4 | 3 | 41 | 37 | +4 | 29 | 1.61 |
| 4 | Queen's Park | 18 | 8 | 2 | 8 | 4 | 2 | 26 | 26 | 0 | 26 | 1.44 |
| 5 | Stranraer | 18 | 5 | 8 | 5 | 3 | 2 | 33 | 32 | +1 | 23 | 1.28 |
| 6 | Berwick Rangers | 18 | 5 | 6 | 7 | 3 | 4 | 24 | 25 | -1 | 21 | 1.17 |
| 7 | Elgin City | 18 | 5 | 4 | 9 | 3 | 5 | 23 | 34 | -11 | 19 | 1.06 |
| 8 | Montrose | 18 | 4 | 3 | 11 | 2 | 5 | 19 | 34 | -15 | 15 | 0.83 |
| 9 | Clyde | 18 | 4 | 3 | 11 | 5 | 6 | 14 | 36 | -22 | 15 | 0.83 |
| 10 | East Stirlingshire | 18 | 4 | 1 | 13 | 2 | 10 | 15 | 35 | -20 | 13 | 0.72 |
3 points for a win
Points per game, average goal difference then average goals scored applies
Points per game, average goal difference then average goals scored applies
