| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Albion Rovers | 20 | 14 | 5 | 1 | 6 | 0 | 39 | 19 | +20 | 33 | 1.65 |
| 2 | Alloa Athletic | 19 | 12 | 6 | 1 | 7 | 1 | 42 | 20 | +22 | 30 | 1.58 |
| 3 | Stirling Albion | 19 | 10 | 6 | 3 | 6 | 5 | 31 | 20 | +11 | 26 | 1.37 |
| 4 | East Fife | 20 | 9 | 8 | 3 | 7 | 1 | 31 | 21 | +10 | 26 | 1.30 |
| 5 | Montrose | 19 | 10 | 4 | 5 | 4 | 5 | 25 | 25 | 0 | 24 | 1.26 |
| 6 | Queen's Park | 19 | 8 | 7 | 4 | 7 | 4 | 26 | 20 | +6 | 23 | 1.21 |
| 7 | Cowdenbeath | 19 | 6 | 11 | 2 | 3 | 1 | 30 | 27 | +3 | 23 | 1.21 |
| 8 | East Stirlingshire | 20 | 10 | 3 | 7 | 4 | 5 | 31 | 31 | 0 | 23 | 1.15 |
| 9 | Brechin City | 19 | 8 | 5 | 6 | 5 | 3 | 27 | 24 | +3 | 21 | 1.11 |
| 10 | Dumbarton | 20 | 10 | 2 | 8 | 8 | 6 | 28 | 27 | +1 | 22 | 1.10 |
| 11 | Stenhousemuir | 20 | 6 | 8 | 6 | 7 | 6 | 27 | 24 | +3 | 20 | 1.00 |
| 12 | Stranraer | 20 | 6 | 8 | 6 | 3 | 3 | 30 | 31 | -1 | 20 | 1.00 |
| 13 | Berwick Rangers | 19 | 5 | 7 | 7 | 6 | 7 | 18 | 26 | -8 | 17 | 0.89 |
| 14 | Arbroath | 20 | 5 | 6 | 9 | 2 | 5 | 29 | 40 | -11 | 16 | 0.80 |
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