| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Raith Rovers | 20 | 9 | 8 | 3 | 7 | 7 | 27 | 19 | +8 | 26 | 1.30 |
| 2 | Falkirk | 19 | 8 | 6 | 5 | 6 | 2 | 25 | 20 | +5 | 22 | 1.16 |
| 3 | Queen's Park | 19 | 7 | 7 | 5 | 5 | 3 | 33 | 29 | +4 | 21 | 1.11 |
| 4 | Clyde | 20 | 7 | 8 | 5 | 6 | 3 | 23 | 19 | +4 | 22 | 1.10 |
| 5 | Berwick Rangers | 19 | 6 | 7 | 6 | 7 | 5 | 27 | 29 | -2 | 19 | 1.00 |
| 6 | Dunfermline Athletic | 20 | 7 | 6 | 7 | 6 | 5 | 23 | 27 | -4 | 20 | 1.00 |
| 7 | Albion Rovers | 20 | 8 | 3 | 9 | 2 | 5 | 32 | 42 | -10 | 19 | 0.95 |
| 8 | Cowdenbeath | 19 | 5 | 6 | 8 | 1 | 1 | 37 | 42 | -5 | 16 | 0.84 |
| 9 | East Stirlingshire | 19 | 6 | 4 | 9 | 2 | 6 | 27 | 34 | -7 | 16 | 0.84 |
| 10 | Forfar Athletic | 20 | 5 | 5 | 10 | 3 | 7 | 21 | 31 | -10 | 15 | 0.75 |
| 11 | Stranraer | 19 | 4 | 4 | 11 | 2 | 7 | 21 | 34 | -13 | 12 | 0.63 |
| 12 | Livingston | 20 | 4 | 4 | 12 | 1 | 7 | 23 | 54 | -31 | 12 | 0.60 |
| 13 | Stenhousemuir | 19 | 3 | 3 | 13 | 0 | 7 | 17 | 39 | -22 | 9 | 0.47 |
| 14 | Brechin City | 20 | 2 | 3 | 15 | 3 | 9 | 17 | 41 | -24 | 7 | 0.35 |
2 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
