| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen's Park | 18 | 8 | 7 | 3 | 4 | 2 | 28 | 20 | +8 | 23 | 1.28 |
| 2 | Queen of the South | 18 | 8 | 5 | 5 | 2 | 2 | 32 | 31 | +1 | 21 | 1.17 |
| 3 | Montrose | 18 | 8 | 4 | 6 | 4 | 3 | 35 | 24 | +11 | 20 | 1.11 |
| 4 | Cowdenbeath | 18 | 7 | 5 | 6 | 1 | 2 | 30 | 26 | +4 | 19 | 1.06 |
| 5 | Clyde | 21 | 7 | 5 | 9 | 5 | 6 | 33 | 34 | -1 | 19 | 0.90 |
| 6 | Forfar Athletic | 18 | 5 | 6 | 7 | 5 | 6 | 20 | 25 | -5 | 16 | 0.89 |
| 7 | East Fife | 21 | 4 | 10 | 7 | 5 | 6 | 20 | 25 | -5 | 18 | 0.86 |
| 8 | Albion Rovers | 21 | 7 | 4 | 10 | 4 | 5 | 26 | 36 | -10 | 18 | 0.86 |
| 9 | Brechin City | 18 | 4 | 7 | 7 | 5 | 6 | 18 | 24 | -6 | 15 | 0.83 |
| 10 | Stenhousemuir | 21 | 5 | 7 | 9 | 3 | 3 | 32 | 34 | -2 | 17 | 0.81 |
| 11 | Livingston | 21 | 4 | 6 | 11 | 3 | 8 | 20 | 35 | -15 | 14 | 0.67 |
| 12 | Alloa Athletic | 18 | 4 | 4 | 10 | 3 | 3 | 25 | 38 | -13 | 12 | 0.67 |
| 13 | Arbroath | 21 | 2 | 9 | 10 | 4 | 6 | 22 | 37 | -15 | 13 | 0.62 |
| 14 | Stranraer | 21 | 3 | 5 | 13 | 2 | 10 | 15 | 44 | -29 | 11 | 0.52 |
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
