| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Stirlingshire | 20 | 11 | 4 | 5 | 6 | 5 | 27 | 20 | +7 | 26 | 1.30 |
| 2 | Forfar Athletic | 19 | 10 | 2 | 7 | 6 | 6 | 28 | 24 | +4 | 22 | 1.16 |
| 3 | Falkirk | 19 | 8 | 5 | 6 | 5 | 4 | 31 | 23 | +8 | 21 | 1.11 |
| 4 | Queen's Park | 20 | 8 | 4 | 8 | 7 | 5 | 27 | 26 | +1 | 20 | 1.00 |
| 5 | Stenhousemuir | 20 | 6 | 8 | 6 | 4 | 4 | 24 | 29 | -5 | 20 | 1.00 |
| 6 | Brechin City | 20 | 6 | 6 | 8 | 4 | 5 | 26 | 36 | -10 | 18 | 0.90 |
| 7 | Montrose | 19 | 6 | 5 | 8 | 2 | 3 | 23 | 28 | -5 | 17 | 0.89 |
| 8 | Albion Rovers | 20 | 5 | 7 | 8 | 2 | 6 | 27 | 35 | -8 | 17 | 0.85 |
| 9 | Livingston | 19 | 5 | 6 | 8 | 4 | 4 | 25 | 41 | -16 | 16 | 0.84 |
| 10 | Cowdenbeath | 19 | 5 | 5 | 9 | 5 | 5 | 21 | 28 | -7 | 15 | 0.79 |
| 11 | Stranraer | 20 | 5 | 4 | 11 | 3 | 6 | 25 | 40 | -15 | 14 | 0.70 |
| 12 | Queen of the South | 19 | 5 | 3 | 11 | 4 | 2 | 22 | 40 | -18 | 13 | 0.68 |
| 13 | East Fife | 19 | 3 | 3 | 13 | 2 | 9 | 19 | 36 | -17 | 9 | 0.47 |
| 14 | Alloa Athletic | 20 | 3 | 3 | 14 | 3 | 11 | 12 | 36 | -24 | 9 | 0.45 |
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
