| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Clyde | 19 | 14 | 3 | 2 | 9 | 4 | 48 | 13 | +35 | 31 | 1.63 |
| 2 | Dunfermline Athletic | 19 | 11 | 6 | 2 | 8 | 4 | 41 | 14 | +27 | 28 | 1.47 |
| 3 | Berwick Rangers | 20 | 10 | 9 | 1 | 7 | 2 | 41 | 22 | +19 | 29 | 1.45 |
| 4 | Raith Rovers | 19 | 10 | 7 | 2 | 7 | 1 | 36 | 15 | +21 | 27 | 1.42 |
| 5 | Forfar Athletic | 19 | 12 | 3 | 4 | 4 | 2 | 40 | 24 | +16 | 27 | 1.42 |
| 6 | Albion Rovers | 19 | 8 | 5 | 6 | 6 | 4 | 36 | 26 | +10 | 21 | 1.11 |
| 7 | Falkirk | 20 | 7 | 8 | 5 | 7 | 3 | 26 | 26 | 0 | 22 | 1.10 |
| 8 | East Stirlingshire | 20 | 9 | 4 | 7 | 4 | 3 | 28 | 31 | -3 | 22 | 1.10 |
| 9 | Stranraer | 20 | 9 | 3 | 8 | 3 | 5 | 33 | 29 | +4 | 21 | 1.05 |
| 10 | Stenhousemuir | 20 | 7 | 7 | 6 | 6 | 4 | 26 | 28 | -2 | 21 | 1.05 |
| 11 | Queen's Park | 20 | 6 | 8 | 6 | 6 | 7 | 19 | 22 | -3 | 20 | 1.00 |
| 12 | Cowdenbeath | 20 | 8 | 2 | 10 | 2 | 1 | 38 | 36 | +2 | 18 | 0.90 |
| 13 | Brechin City | 19 | 5 | 3 | 11 | 2 | 6 | 28 | 32 | -4 | 13 | 0.68 |
| 14 | Livingston | 19 | 2 | 6 | 11 | 3 | 5 | 20 | 35 | -15 | 10 | 0.53 |
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
