| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Cowdenbeath | 18 | 10 | 5 | 3 | 6 | 2 | 36 | 19 | +17 | 35 | 1.94 |
| 2 | Alloa Athletic | 18 | 11 | 2 | 5 | 6 | 2 | 27 | 21 | +6 | 35 | 1.94 |
| 3 | Brechin City | 18 | 9 | 6 | 3 | 5 | 3 | 30 | 20 | +10 | 33 | 1.83 |
| 4 | Stirling Albion | 18 | 7 | 8 | 3 | 6 | 3 | 30 | 22 | +8 | 29 | 1.61 |
| 5 | Peterhead | 18 | 8 | 5 | 5 | 7 | 5 | 23 | 18 | +5 | 29 | 1.61 |
| 6 | East Fife | 18 | 6 | 5 | 7 | 4 | 4 | 23 | 22 | +1 | 23 | 1.28 |
| 7 | Stenhousemuir | 18 | 5 | 6 | 7 | 6 | 5 | 16 | 22 | -6 | 21 | 1.17 |
| 8 | Dumbarton | 18 | 5 | 4 | 9 | 4 | 7 | 21 | 32 | -11 | 19 | 1.06 |
| 9 | Clyde | 18 | 6 | 0 | 12 | 2 | 8 | 17 | 29 | -12 | 18 | 1.00 |
| 10 | Arbroath | 18 | 4 | 5 | 9 | 3 | 6 | 22 | 33 | -11 | 17 | 0.94 |
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
