| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Falkirk | 21 | 12 | 6 | 3 | 12 | 7 | 35 | 13 | +22 | 30 | 1.43 |
| 2 | Albion Rovers | 21 | 11 | 6 | 4 | 5 | 2 | 43 | 24 | +19 | 28 | 1.33 |
| 3 | East Stirlingshire | 21 | 13 | 2 | 6 | 7 | 5 | 31 | 19 | +12 | 28 | 1.33 |
| 4 | Forfar Athletic | 21 | 11 | 5 | 5 | 8 | 6 | 34 | 22 | +12 | 27 | 1.29 |
| 5 | Stenhousemuir | 21 | 10 | 5 | 6 | 5 | 4 | 34 | 24 | +10 | 25 | 1.19 |
| 6 | Livingston | 18 | 9 | 3 | 6 | 2 | 5 | 27 | 33 | -6 | 21 | 1.17 |
| 7 | Queen's Park | 21 | 10 | 4 | 7 | 8 | 5 | 34 | 20 | +14 | 24 | 1.14 |
| 8 | Montrose | 18 | 7 | 6 | 5 | 3 | 1 | 32 | 28 | +4 | 20 | 1.11 |
| 9 | Cowdenbeath | 18 | 7 | 6 | 5 | 3 | 2 | 31 | 27 | +4 | 20 | 1.11 |
| 10 | Brechin City | 21 | 9 | 5 | 7 | 4 | 1 | 38 | 34 | +4 | 23 | 1.10 |
| 11 | East Fife | 18 | 7 | 5 | 6 | 4 | 3 | 27 | 24 | +3 | 19 | 1.06 |
| 12 | Stranraer | 18 | 6 | 4 | 8 | 3 | 3 | 30 | 27 | +3 | 16 | 0.89 |
| 13 | Alloa Athletic | 18 | 7 | 2 | 9 | 5 | 7 | 18 | 21 | -3 | 16 | 0.89 |
| 14 | Queen of the South | 18 | 5 | 4 | 9 | 4 | 3 | 26 | 31 | -5 | 14 | 0.78 |
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
