| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen's Park | 10 | 9 | 0 | 1 | 3 | 0 | 25 | 11 | +14 | 18 | 1.80 |
| 2 | Ayr United | 10 | 7 | 2 | 1 | 3 | 1 | 27 | 9 | +18 | 16 | 1.60 |
| 3 | St Johnstone | 11 | 7 | 2 | 2 | 6 | 3 | 18 | 7 | +11 | 16 | 1.45 |
| 4 | Brechin City | 11 | 6 | 3 | 2 | 4 | 2 | 18 | 9 | +9 | 15 | 1.36 |
| 5 | East Stirlingshire | 9 | 3 | 6 | 0 | 3 | 2 | 16 | 9 | +7 | 12 | 1.33 |
| 6 | Alloa Athletic | 12 | 6 | 4 | 2 | 5 | 3 | 15 | 9 | +6 | 16 | 1.33 |
| 7 | Stirling Albion | 9 | 4 | 2 | 3 | 4 | 2 | 16 | 11 | +5 | 10 | 1.11 |
| 8 | Montrose | 9 | 3 | 4 | 2 | 3 | 1 | 11 | 8 | +3 | 10 | 1.11 |
| 9 | Stenhousemuir | 10 | 4 | 2 | 4 | 1 | 2 | 18 | 15 | +3 | 10 | 1.00 |
| 10 | Arbroath | 9 | 2 | 5 | 2 | 1 | 1 | 16 | 17 | -1 | 9 | 1.00 |
| 11 | Albion Rovers | 11 | 4 | 3 | 4 | 2 | 4 | 16 | 19 | -3 | 11 | 1.00 |
| 12 | Cowdenbeath | 9 | 1 | 5 | 3 | 4 | 4 | 10 | 10 | 0 | 7 | 0.78 |
| 13 | Berwick Rangers | 8 | 3 | 0 | 5 | 2 | 3 | 10 | 17 | -7 | 6 | 0.75 |
| 14 | Stranraer | 7 | 2 | 0 | 5 | 2 | 2 | 7 | 12 | -5 | 4 | 0.57 |
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