| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Albion Rovers | 39 | 21 | 8 | 10 | 11 | 5 | 65 | 48 | +17 | 50 | 1.28 |
| 2 | Alloa Athletic | 39 | 17 | 11 | 11 | 10 | 7 | 66 | 48 | +18 | 45 | 1.15 |
| 3 | Brechin City | 39 | 15 | 13 | 11 | 11 | 7 | 58 | 49 | +9 | 43 | 1.10 |
| 4 | Stirling Albion | 39 | 15 | 12 | 12 | 9 | 11 | 64 | 55 | +9 | 42 | 1.08 |
| 5 | East Fife | 39 | 14 | 13 | 12 | 7 | 6 | 56 | 55 | +1 | 41 | 1.05 |
| 6 | Montrose | 39 | 15 | 11 | 13 | 6 | 12 | 54 | 55 | -1 | 41 | 1.05 |
| 7 | Cowdenbeath | 39 | 13 | 14 | 12 | 11 | 7 | 48 | 52 | -4 | 40 | 1.03 |
| 8 | Queen's Park | 39 | 10 | 18 | 11 | 12 | 9 | 50 | 49 | +1 | 38 | 0.97 |
| 9 | East Stirlingshire | 39 | 13 | 11 | 15 | 8 | 12 | 54 | 58 | -4 | 37 | 0.95 |
| 10 | Arbroath | 39 | 11 | 15 | 13 | 8 | 10 | 56 | 63 | -7 | 37 | 0.95 |
| 11 | Stranraer | 39 | 12 | 12 | 15 | 6 | 8 | 59 | 64 | -5 | 36 | 0.92 |
| 12 | Dumbarton | 39 | 12 | 10 | 17 | 9 | 11 | 45 | 55 | -10 | 34 | 0.87 |
| 13 | Berwick Rangers | 39 | 10 | 13 | 16 | 10 | 10 | 50 | 59 | -9 | 33 | 0.85 |
| 14 | Stenhousemuir | 39 | 9 | 11 | 19 | 9 | 12 | 44 | 59 | -15 | 29 | 0.74 |
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