| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Ayr United | 11 | 11 | 0 | 0 | 6 | 0 | 38 | 6 | +32 | 22 | 2.00 |
| 2 | Alloa Athletic | 9 | 7 | 2 | 0 | 5 | 0 | 18 | 5 | +13 | 16 | 1.78 |
| 3 | St Johnstone | 10 | 8 | 1 | 1 | 3 | 1 | 26 | 7 | +19 | 17 | 1.70 |
| 4 | Arbroath | 9 | 6 | 3 | 0 | 5 | 2 | 19 | 5 | +14 | 15 | 1.67 |
| 5 | Brechin City | 10 | 7 | 1 | 2 | 5 | 2 | 18 | 7 | +11 | 15 | 1.50 |
| 6 | Queen's Park | 11 | 6 | 4 | 1 | 3 | 1 | 19 | 11 | +8 | 16 | 1.45 |
| 7 | Montrose | 9 | 5 | 3 | 1 | 4 | 1 | 14 | 6 | +8 | 13 | 1.44 |
| 8 | Cowdenbeath | 9 | 5 | 3 | 1 | 3 | 0 | 21 | 14 | +7 | 13 | 1.44 |
| 9 | Stirling Albion | 12 | 8 | 1 | 3 | 7 | 3 | 18 | 10 | +8 | 17 | 1.42 |
| 10 | East Stirlingshire | 12 | 6 | 4 | 2 | 3 | 1 | 19 | 13 | +6 | 16 | 1.33 |
| 11 | Stenhousemuir | 8 | 2 | 3 | 3 | 2 | 3 | 8 | 9 | -1 | 7 | 0.88 |
| 12 | Albion Rovers | 7 | 2 | 2 | 3 | 1 | 4 | 6 | 11 | -5 | 6 | 0.86 |
| 13 | Berwick Rangers | 10 | 3 | 2 | 5 | 2 | 2 | 16 | 19 | -3 | 8 | 0.80 |
| 14 | Stranraer | 11 | 2 | 3 | 6 | 0 | 3 | 14 | 24 | -10 | 7 | 0.64 |
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