| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Alloa Athletic | 9 | 5 | 3 | 1 | 5 | 0 | 10 | 6 | +4 | 13 | 1.44 |
| 2 | Stranraer | 9 | 5 | 2 | 2 | 2 | 1 | 17 | 11 | +6 | 12 | 1.33 |
| 3 | Stenhousemuir | 8 | 3 | 4 | 1 | 2 | 1 | 11 | 7 | +4 | 10 | 1.25 |
| 4 | Livingston | 12 | 5 | 5 | 2 | 3 | 1 | 17 | 14 | +3 | 15 | 1.25 |
| 5 | Berwick Rangers | 10 | 4 | 3 | 3 | 3 | 1 | 13 | 11 | +2 | 11 | 1.10 |
| 6 | Montrose | 11 | 5 | 1 | 5 | 3 | 3 | 17 | 15 | +2 | 11 | 1.00 |
| 7 | Queen's Park | 11 | 4 | 3 | 4 | 2 | 2 | 18 | 19 | -1 | 11 | 1.00 |
| 8 | East Fife | 7 | 2 | 2 | 3 | 1 | 3 | 9 | 8 | +1 | 6 | 0.86 |
| 9 | East Stirlingshire | 11 | 3 | 3 | 5 | 2 | 4 | 12 | 16 | -4 | 9 | 0.82 |
| 10 | Queen of the South | 8 | 2 | 2 | 4 | 2 | 4 | 10 | 11 | -1 | 6 | 0.75 |
| 11 | Arbroath | 10 | 2 | 3 | 5 | 2 | 4 | 12 | 22 | -10 | 7 | 0.70 |
| 12 | Forfar Athletic | 10 | 1 | 4 | 5 | 2 | 4 | 9 | 17 | -8 | 6 | 0.60 |
| 13 | Albion Rovers | 9 | 0 | 4 | 5 | 1 | 4 | 5 | 13 | -8 | 4 | 0.44 |
| 14 | Cowdenbeath | 12 | 0 | 3 | 9 | 0 | 2 | 12 | 26 | -14 | 3 | 0.25 |
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
