| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Arbroath | 7 | 4 | 2 | 1 | 4 | 2 | 12 | 4 | +8 | 10 | 1.43 |
| 2 | Brechin City | 11 | 5 | 3 | 3 | 3 | 1 | 19 | 15 | +4 | 13 | 1.18 |
| 3 | Berwick Rangers | 10 | 4 | 3 | 3 | 3 | 2 | 19 | 14 | +5 | 11 | 1.10 |
| 4 | Albion Rovers | 10 | 5 | 1 | 4 | 3 | 2 | 17 | 15 | +2 | 11 | 1.10 |
| 5 | Stirling Albion | 11 | 3 | 5 | 3 | 2 | 2 | 19 | 16 | +3 | 11 | 1.00 |
| 6 | Alloa Athletic | 12 | 4 | 4 | 4 | 3 | 3 | 17 | 14 | +3 | 12 | 1.00 |
| 7 | Stranraer | 8 | 4 | 0 | 4 | 2 | 2 | 15 | 15 | 0 | 8 | 1.00 |
| 8 | Cowdenbeath | 9 | 3 | 3 | 3 | 5 | 5 | 5 | 7 | -2 | 9 | 1.00 |
| 9 | East Fife | 11 | 4 | 3 | 4 | 0 | 2 | 18 | 21 | -3 | 11 | 1.00 |
| 10 | East Stirlingshire | 10 | 2 | 5 | 3 | 3 | 5 | 13 | 13 | 0 | 9 | 0.90 |
| 11 | Queen's Park | 11 | 2 | 5 | 4 | 3 | 2 | 15 | 15 | 0 | 9 | 0.82 |
| 12 | Montrose | 11 | 3 | 3 | 5 | 2 | 5 | 11 | 15 | -4 | 9 | 0.82 |
| 13 | Dumbarton | 9 | 2 | 3 | 4 | 1 | 2 | 10 | 12 | -2 | 7 | 0.78 |
| 14 | Stenhousemuir | 8 | 2 | 1 | 5 | 2 | 2 | 9 | 13 | -4 | 5 | 0.63 |
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