| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Arbroath | 20 | 14 | 1 | 5 | 7 | 1 | 57 | 33 | +24 | 43 | 2.15 |
| 2 | Albion Rovers | 20 | 12 | 6 | 2 | 7 | 3 | 37 | 17 | +20 | 42 | 2.10 |
| 3 | Queen's Park | 20 | 13 | 2 | 5 | 10 | 2 | 33 | 19 | +14 | 41 | 2.05 |
| 4 | Annan Athletic | 20 | 10 | 5 | 5 | 4 | 4 | 34 | 26 | +8 | 35 | 1.75 |
| 5 | Stranraer | 20 | 9 | 6 | 5 | 4 | 0 | 42 | 31 | +11 | 33 | 1.65 |
| 6 | Berwick Rangers | 16 | 7 | 5 | 4 | 4 | 4 | 28 | 16 | +12 | 26 | 1.63 |
| 7 | East Stirlingshire | 16 | 7 | 3 | 6 | 6 | 7 | 15 | 18 | -3 | 24 | 1.50 |
| 8 | Montrose | 16 | 6 | 3 | 7 | 3 | 5 | 24 | 18 | +6 | 21 | 1.31 |
| 9 | Elgin City | 16 | 6 | 2 | 8 | 4 | 5 | 20 | 27 | -7 | 20 | 1.25 |
| 10 | Clyde | 16 | 5 | 5 | 6 | 6 | 2 | 19 | 27 | -8 | 20 | 1.25 |
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
