| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 11 | 10 | 0 | 1 | 7 | 0 | 21 | 7 | +14 | 20 | 1.82 |
| 2 | Livingston | 7 | 4 | 3 | 0 | 1 | 0 | 19 | 10 | +9 | 11 | 1.57 |
| 3 | Stenhousemuir | 11 | 7 | 2 | 2 | 6 | 2 | 24 | 8 | +16 | 16 | 1.45 |
| 4 | Arbroath | 9 | 4 | 5 | 0 | 4 | 1 | 12 | 6 | +6 | 13 | 1.44 |
| 5 | Queen's Park | 9 | 6 | 1 | 2 | 2 | 1 | 16 | 13 | +3 | 13 | 1.44 |
| 6 | East Fife | 12 | 7 | 3 | 2 | 4 | 1 | 24 | 15 | +9 | 17 | 1.42 |
| 7 | Berwick Rangers | 10 | 5 | 4 | 1 | 4 | 1 | 27 | 12 | +15 | 14 | 1.40 |
| 8 | Queen of the South | 11 | 7 | 1 | 3 | 6 | 0 | 26 | 9 | +17 | 15 | 1.36 |
| 9 | Forfar Athletic | 10 | 5 | 2 | 3 | 2 | 2 | 18 | 15 | +3 | 12 | 1.20 |
| 10 | East Stirlingshire | 8 | 4 | 0 | 4 | 3 | 0 | 17 | 15 | +2 | 8 | 1.00 |
| 11 | Montrose | 8 | 1 | 4 | 3 | 2 | 2 | 7 | 10 | -3 | 6 | 0.75 |
| 12 | Alloa Athletic | 11 | 1 | 5 | 5 | 3 | 5 | 6 | 11 | -5 | 7 | 0.64 |
| 13 | Albion Rovers | 11 | 3 | 1 | 7 | 2 | 3 | 13 | 20 | -7 | 7 | 0.64 |
| 14 | Cowdenbeath | 8 | 1 | 1 | 6 | 1 | 3 | 7 | 13 | -6 | 3 | 0.38 |
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
