| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Arbroath | 19 | 6 | 9 | 4 | 6 | 5 | 27 | 23 | +4 | 21 | 1.11 |
| 2 | Brechin City | 20 | 7 | 8 | 5 | 6 | 4 | 31 | 25 | +6 | 22 | 1.10 |
| 3 | Albion Rovers | 19 | 7 | 3 | 9 | 5 | 5 | 26 | 29 | -3 | 17 | 0.89 |
| 4 | Montrose | 20 | 5 | 7 | 8 | 2 | 7 | 29 | 30 | -1 | 17 | 0.85 |
| 5 | Cowdenbeath | 20 | 7 | 3 | 10 | 8 | 6 | 18 | 25 | -7 | 17 | 0.85 |
| 6 | Stranraer | 19 | 6 | 4 | 9 | 3 | 5 | 29 | 33 | -4 | 16 | 0.84 |
| 7 | Berwick Rangers | 20 | 5 | 6 | 9 | 4 | 3 | 32 | 33 | -1 | 16 | 0.80 |
| 8 | Stirling Albion | 20 | 5 | 6 | 9 | 3 | 6 | 33 | 35 | -2 | 16 | 0.80 |
| 9 | East Fife | 19 | 5 | 5 | 9 | 0 | 5 | 25 | 34 | -9 | 15 | 0.79 |
| 10 | Alloa Athletic | 20 | 5 | 5 | 10 | 3 | 6 | 24 | 28 | -4 | 15 | 0.75 |
| 11 | Queen's Park | 20 | 2 | 11 | 7 | 5 | 5 | 24 | 29 | -5 | 15 | 0.75 |
| 12 | East Stirlingshire | 19 | 3 | 8 | 8 | 4 | 7 | 23 | 27 | -4 | 14 | 0.74 |
| 13 | Dumbarton | 19 | 2 | 8 | 9 | 1 | 5 | 17 | 28 | -11 | 12 | 0.63 |
| 14 | Stenhousemuir | 19 | 3 | 3 | 13 | 2 | 6 | 17 | 35 | -18 | 9 | 0.47 |
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