| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Alloa Athletic | 7 | 6 | 1 | 0 | 4 | 0 | 16 | 6 | +10 | 13 | 1.86 |
| 2 | Raith Rovers | 7 | 5 | 2 | 0 | 4 | 1 | 14 | 3 | +11 | 12 | 1.71 |
| 3 | Clydebank | 7 | 5 | 1 | 1 | 5 | 1 | 14 | 3 | +11 | 11 | 1.57 |
| 4 | Stranraer | 7 | 5 | 0 | 2 | 2 | 0 | 16 | 9 | +7 | 10 | 1.43 |
| 5 | Cowdenbeath | 7 | 3 | 3 | 1 | 2 | 0 | 10 | 8 | +2 | 9 | 1.29 |
| 6 | Berwick Rangers | 6 | 2 | 2 | 2 | 0 | 1 | 13 | 9 | +4 | 6 | 1.00 |
| 7 | East Stirlingshire | 6 | 2 | 2 | 2 | 1 | 0 | 12 | 9 | +3 | 6 | 1.00 |
| 8 | Stenhousemuir | 6 | 1 | 4 | 1 | 0 | 0 | 9 | 9 | 0 | 6 | 1.00 |
| 9 | Stirling Albion | 7 | 2 | 3 | 2 | 3 | 3 | 7 | 7 | 0 | 7 | 1.00 |
| 10 | Brechin City | 6 | 2 | 0 | 4 | 2 | 2 | 7 | 11 | -4 | 4 | 0.67 |
| 11 | Forfar Athletic | 6 | 1 | 2 | 3 | 0 | 2 | 7 | 12 | -5 | 4 | 0.67 |
| 12 | Livingston | 6 | 1 | 1 | 4 | 1 | 3 | 5 | 11 | -6 | 3 | 0.50 |
| 13 | Albion Rovers | 6 | 1 | 1 | 4 | 2 | 3 | 4 | 11 | -7 | 3 | 0.50 |
| 14 | Queen's Park | 7 | 0 | 3 | 4 | 1 | 3 | 5 | 11 | -6 | 3 | 0.43 |
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
