| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Clyde | 39 | 24 | 11 | 4 | 17 | 2 | 79 | 38 | +41 | 59 | 1.51 |
| 2 | Alloa Athletic | 39 | 19 | 12 | 8 | 15 | 6 | 66 | 42 | +24 | 50 | 1.28 |
| 3 | Arbroath | 39 | 20 | 10 | 9 | 12 | 7 | 62 | 50 | +12 | 50 | 1.28 |
| 4 | Berwick Rangers | 39 | 20 | 8 | 11 | 14 | 8 | 66 | 38 | +28 | 48 | 1.23 |
| 5 | Brechin City | 39 | 18 | 10 | 11 | 14 | 12 | 61 | 43 | +18 | 46 | 1.18 |
| 6 | Forfar Athletic | 39 | 15 | 15 | 9 | 15 | 11 | 59 | 35 | +24 | 45 | 1.15 |
| 7 | East Fife | 39 | 14 | 9 | 16 | 8 | 10 | 48 | 51 | -3 | 37 | 0.95 |
| 8 | Stirling Albion | 39 | 12 | 11 | 16 | 13 | 18 | 39 | 44 | -5 | 35 | 0.90 |
| 9 | Cowdenbeath | 39 | 11 | 13 | 15 | 8 | 12 | 51 | 57 | -6 | 35 | 0.90 |
| 10 | Montrose | 39 | 12 | 8 | 19 | 7 | 13 | 49 | 74 | -25 | 32 | 0.82 |
| 11 | Albion Rovers | 39 | 13 | 5 | 21 | 10 | 9 | 52 | 74 | -22 | 31 | 0.79 |
| 12 | Livingston | 39 | 10 | 10 | 19 | 5 | 12 | 49 | 62 | -13 | 30 | 0.77 |
| 13 | Stenhousemuir | 39 | 11 | 6 | 22 | 8 | 15 | 41 | 65 | -24 | 28 | 0.72 |
| 14 | Stranraer | 39 | 7 | 6 | 26 | 5 | 16 | 36 | 85 | -49 | 20 | 0.51 |
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
