| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Alloa Athletic | 16 | 9 | 4 | 3 | 5 | 2 | 23 | 15 | +8 | 31 | 1.94 |
| 2 | Stirling Albion | 16 | 6 | 4 | 6 | 3 | 4 | 24 | 22 | +2 | 22 | 1.38 |
| 3 | Brechin City | 16 | 6 | 4 | 6 | 4 | 4 | 24 | 25 | -1 | 22 | 1.38 |
| 4 | Dumbarton | 20 | 8 | 3 | 9 | 4 | 4 | 27 | 32 | -5 | 27 | 1.35 |
| 5 | Peterhead | 16 | 6 | 2 | 8 | 4 | 7 | 15 | 25 | -10 | 20 | 1.25 |
| 6 | Arbroath | 20 | 5 | 6 | 9 | 5 | 6 | 23 | 33 | -10 | 21 | 1.05 |
| 7 | Stenhousemuir | 20 | 4 | 7 | 9 | 5 | 6 | 20 | 25 | -5 | 19 | 0.95 |
| 8 | Cowdenbeath | 16 | 3 | 6 | 7 | 4 | 3 | 26 | 25 | +1 | 15 | 0.94 |
| 9 | East Fife | 20 | 3 | 5 | 12 | 4 | 7 | 22 | 37 | -15 | 14 | 0.70 |
| 10 | Clyde | 20 | 2 | 4 | 14 | 2 | 10 | 14 | 33 | -19 | 10 | 0.50 |
Points per game, average goal difference then average goals scored applies










