| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Arbroath | 18 | 11 | 4 | 3 | 7 | 2 | 39 | 24 | +15 | 37 | 2.06 |
| 2 | Stranraer | 18 | 10 | 4 | 4 | 3 | 0 | 39 | 25 | +14 | 34 | 1.89 |
| 3 | Queen's Park | 18 | 10 | 3 | 5 | 7 | 4 | 31 | 17 | +14 | 33 | 1.83 |
| 4 | Albion Rovers | 18 | 9 | 4 | 5 | 7 | 5 | 25 | 16 | +9 | 31 | 1.72 |
| 5 | Annan Athletic | 18 | 8 | 5 | 5 | 2 | 2 | 32 | 25 | +7 | 29 | 1.61 |
| 6 | Berwick Rangers | 18 | 7 | 7 | 4 | 3 | 2 | 38 | 31 | +7 | 28 | 1.56 |
| 7 | Elgin City | 18 | 8 | 2 | 8 | 3 | 4 | 30 | 29 | +1 | 26 | 1.44 |
| 8 | Montrose | 18 | 6 | 4 | 8 | 3 | 7 | 28 | 27 | +1 | 22 | 1.22 |
| 9 | East Stirlingshire | 18 | 6 | 3 | 9 | 6 | 7 | 18 | 27 | -9 | 21 | 1.17 |
| 10 | Clyde | 18 | 4 | 5 | 9 | 3 | 5 | 23 | 31 | -8 | 17 | 0.94 |
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
