| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Berwick Rangers | 16 | 11 | 0 | 5 | 7 | 5 | 21 | 13 | +8 | 33 | 2.06 |
| 2 | Queen's Park | 16 | 8 | 2 | 6 | 7 | 7 | 15 | 12 | +3 | 26 | 1.63 |
| 3 | East Fife | 16 | 8 | 2 | 6 | 6 | 3 | 18 | 17 | +1 | 26 | 1.63 |
| 4 | Arbroath | 16 | 5 | 3 | 8 | 5 | 5 | 17 | 18 | -1 | 18 | 1.13 |
| 5 | Stenhousemuir | 20 | 5 | 4 | 11 | 4 | 5 | 24 | 33 | -9 | 19 | 0.95 |
| 6 | Albion Rovers | 20 | 4 | 4 | 12 | 1 | 9 | 18 | 38 | -20 | 16 | 0.80 |
| 7 | Dumbarton | 16 | 3 | 3 | 10 | 4 | 9 | 10 | 21 | -11 | 12 | 0.75 |
| 8 | East Stirlingshire | 20 | 4 | 1 | 15 | 1 | 10 | 17 | 47 | -30 | 13 | 0.65 |
| 9 | Montrose | 20 | 2 | 3 | 15 | 1 | 12 | 11 | 39 | -28 | 9 | 0.45 |
| 10 | Elgin City | 20 | 1 | 2 | 17 | 1 | 9 | 13 | 42 | -29 | 5 | 0.25 |
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
