| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen's Park | 8 | 4 | 2 | 2 | 2 | 2 | 13 | 10 | +3 | 10 | 1.25 |
| 2 | Queen of the South | 9 | 4 | 2 | 3 | 0 | 1 | 18 | 16 | +2 | 10 | 1.11 |
| 3 | Forfar Athletic | 9 | 3 | 4 | 2 | 3 | 4 | 8 | 9 | -1 | 10 | 1.11 |
| 4 | Stenhousemuir | 12 | 5 | 2 | 5 | 3 | 1 | 22 | 18 | +4 | 12 | 1.00 |
| 5 | Cowdenbeath | 11 | 3 | 4 | 4 | 1 | 2 | 14 | 15 | -1 | 10 | 0.91 |
| 6 | Montrose | 10 | 3 | 2 | 5 | 2 | 2 | 18 | 14 | +4 | 8 | 0.80 |
| 7 | Arbroath | 9 | 2 | 3 | 4 | 1 | 1 | 13 | 16 | -3 | 7 | 0.78 |
| 8 | East Fife | 10 | 2 | 3 | 5 | 2 | 2 | 10 | 13 | -3 | 7 | 0.70 |
| 9 | Albion Rovers | 11 | 2 | 3 | 6 | 2 | 3 | 9 | 17 | -8 | 7 | 0.64 |
| 10 | Livingston | 11 | 1 | 4 | 6 | 1 | 3 | 10 | 16 | -6 | 6 | 0.55 |
| 11 | Clyde | 11 | 2 | 2 | 7 | 2 | 4 | 11 | 19 | -8 | 6 | 0.55 |
| 12 | Brechin City | 8 | 1 | 2 | 5 | 2 | 3 | 8 | 15 | -7 | 4 | 0.50 |
| 13 | Alloa Athletic | 8 | 0 | 3 | 5 | 0 | 0 | 10 | 20 | -10 | 3 | 0.38 |
| 14 | Stranraer | 9 | 0 | 2 | 7 | 1 | 6 | 3 | 21 | -18 | 2 | 0.22 |
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
