| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Alloa Athletic | 21 | 11 | 8 | 2 | 9 | 4 | 36 | 16 | +20 | 30 | 1.43 |
| 2 | Arbroath | 18 | 11 | 3 | 4 | 5 | 3 | 36 | 17 | +19 | 25 | 1.39 |
| 3 | Brechin City | 21 | 11 | 7 | 3 | 6 | 5 | 34 | 22 | +12 | 29 | 1.38 |
| 4 | Forfar Athletic | 21 | 12 | 3 | 6 | 6 | 2 | 43 | 32 | +11 | 27 | 1.29 |
| 5 | Queen's Park | 21 | 8 | 11 | 2 | 4 | 2 | 34 | 23 | +11 | 27 | 1.29 |
| 6 | Cowdenbeath | 21 | 11 | 4 | 6 | 7 | 3 | 33 | 22 | +11 | 26 | 1.24 |
| 7 | Queen of the South | 21 | 8 | 9 | 4 | 6 | 5 | 34 | 22 | +12 | 25 | 1.19 |
| 8 | Clyde | 18 | 7 | 7 | 4 | 4 | 3 | 35 | 29 | +6 | 21 | 1.17 |
| 9 | Stenhousemuir | 18 | 8 | 4 | 6 | 5 | 3 | 31 | 24 | +7 | 20 | 1.11 |
| 10 | Montrose | 21 | 8 | 4 | 9 | 6 | 5 | 31 | 31 | 0 | 20 | 0.95 |
| 11 | Albion Rovers | 18 | 6 | 5 | 7 | 3 | 3 | 33 | 36 | -3 | 17 | 0.94 |
| 12 | East Fife | 18 | 6 | 5 | 7 | 1 | 5 | 24 | 28 | -4 | 17 | 0.94 |
| 13 | Livingston | 18 | 7 | 1 | 10 | 3 | 3 | 22 | 29 | -7 | 15 | 0.83 |
| 14 | Stranraer | 18 | 4 | 3 | 11 | 2 | 3 | 21 | 39 | -18 | 11 | 0.61 |
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
