| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stirling Albion | 36 | 18 | 11 | 7 | 8 | 5 | 68 | 48 | +20 | 65 | 1.81 |
| 2 | Alloa Athletic | 36 | 19 | 8 | 9 | 15 | 6 | 49 | 35 | +14 | 65 | 1.81 |
| 3 | Cowdenbeath | 36 | 16 | 11 | 9 | 12 | 5 | 60 | 41 | +19 | 59 | 1.64 |
| 4 | Brechin City | 36 | 15 | 9 | 12 | 10 | 12 | 50 | 45 | +5 | 54 | 1.50 |
| 5 | Peterhead | 36 | 15 | 6 | 15 | 8 | 12 | 45 | 49 | -4 | 51 | 1.42 |
| 6 | Dumbarton | 36 | 14 | 6 | 16 | 9 | 9 | 49 | 58 | -9 | 48 | 1.33 |
| 7 | East Fife | 36 | 10 | 11 | 15 | 8 | 8 | 46 | 53 | -7 | 41 | 1.14 |
| 8 | Stenhousemuir | 36 | 9 | 13 | 14 | 11 | 9 | 38 | 42 | -4 | 40 | 1.11 |
| 9 | Arbroath | 36 | 10 | 10 | 16 | 8 | 12 | 41 | 55 | -14 | 40 | 1.11 |
| 10 | Clyde | 36 | 8 | 7 | 21 | 5 | 16 | 37 | 57 | -20 | 31 | 0.86 |
3 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
