| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Alloa Athletic | 36 | 23 | 8 | 5 | 12 | 5 | 70 | 39 | +31 | 77 | 2.14 |
| 2 | Queen's Park | 36 | 19 | 6 | 11 | 10 | 6 | 70 | 48 | +22 | 63 | 1.75 |
| 3 | Stranraer | 36 | 17 | 7 | 12 | 6 | 6 | 77 | 57 | +20 | 58 | 1.61 |
| 4 | Elgin City | 36 | 16 | 9 | 11 | 7 | 6 | 68 | 60 | +8 | 57 | 1.58 |
| 5 | Peterhead | 36 | 15 | 6 | 15 | 11 | 4 | 51 | 53 | -2 | 51 | 1.42 |
| 6 | Annan Athletic | 36 | 13 | 10 | 13 | 9 | 8 | 53 | 53 | 0 | 49 | 1.36 |
| 7 | Berwick Rangers | 36 | 12 | 12 | 12 | 5 | 6 | 61 | 58 | +3 | 48 | 1.33 |
| 8 | Montrose | 36 | 11 | 5 | 20 | 3 | 7 | 58 | 75 | -17 | 38 | 1.06 |
| 9 | Clyde | 36 | 8 | 11 | 17 | 9 | 16 | 35 | 50 | -15 | 35 | 0.97 |
| 10 | East Stirlingshire | 36 | 6 | 6 | 24 | 3 | 11 | 38 | 88 | -50 | 24 | 0.67 |
Points per game, average goal difference then average goals scored applies











