| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Ayr United | 10 | 5 | 3 | 2 | 5 | 2 | 16 | 8 | +8 | 13 | 1.30 |
| 2 | St Johnstone | 8 | 4 | 2 | 2 | 4 | 0 | 16 | 6 | +10 | 10 | 1.25 |
| 3 | East Stirlingshire | 11 | 4 | 2 | 5 | 3 | 5 | 10 | 15 | -5 | 10 | 0.91 |
| 4 | Montrose | 11 | 3 | 3 | 5 | 3 | 2 | 13 | 18 | -5 | 9 | 0.82 |
| 5 | Stirling Albion | 10 | 2 | 4 | 4 | 0 | 3 | 10 | 17 | -7 | 8 | 0.80 |
| 6 | Queen's Park | 9 | 2 | 3 | 4 | 2 | 3 | 9 | 13 | -4 | 7 | 0.78 |
| 7 | Brechin City | 8 | 2 | 2 | 4 | 2 | 4 | 5 | 11 | -6 | 6 | 0.75 |
| 8 | Stenhousemuir | 10 | 3 | 1 | 6 | 2 | 3 | 12 | 18 | -6 | 7 | 0.70 |
| 9 | Cowdenbeath | 10 | 3 | 1 | 6 | 3 | 3 | 11 | 20 | -9 | 7 | 0.70 |
| 10 | Albion Rovers | 9 | 0 | 3 | 6 | 0 | 3 | 8 | 23 | -15 | 3 | 0.33 |
| 11 | Arbroath | 11 | 0 | 3 | 8 | 0 | 5 | 6 | 25 | -19 | 3 | 0.27 |
| 12 | Stranraer | 13 | 0 | 2 | 11 | 0 | 8 | 5 | 30 | -25 | 2 | 0.15 |
| 13 | Berwick Rangers | 11 | 0 | 0 | 11 | 0 | 8 | 4 | 22 | -18 | 0 | 0.00 |
| 14 | Alloa Athletic | 7 | 0 | 0 | 7 | 0 | 2 | 5 | 18 | -13 | 0 | 0.00 |
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