| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Alloa Athletic | 10 | 8 | 2 | 0 | 3 | 0 | 24 | 11 | +13 | 18 | 1.80 |
| 2 | Albion Rovers | 9 | 6 | 2 | 1 | 2 | 0 | 17 | 10 | +7 | 14 | 1.56 |
| 3 | East Fife | 10 | 7 | 1 | 2 | 6 | 0 | 17 | 8 | +9 | 15 | 1.50 |
| 4 | Dumbarton | 11 | 7 | 1 | 3 | 5 | 2 | 19 | 10 | +9 | 15 | 1.36 |
| 5 | East Stirlingshire | 12 | 6 | 3 | 3 | 3 | 2 | 22 | 18 | +4 | 15 | 1.25 |
| 6 | Stirling Albion | 9 | 4 | 3 | 2 | 3 | 3 | 16 | 10 | +6 | 11 | 1.22 |
| 7 | Montrose | 9 | 5 | 1 | 3 | 3 | 3 | 10 | 15 | -5 | 11 | 1.22 |
| 8 | Stranraer | 10 | 4 | 3 | 3 | 2 | 1 | 15 | 16 | -1 | 11 | 1.10 |
| 9 | Queen's Park | 12 | 4 | 4 | 4 | 4 | 3 | 14 | 14 | 0 | 12 | 1.00 |
| 10 | Brechin City | 9 | 4 | 1 | 4 | 2 | 2 | 10 | 11 | -1 | 9 | 1.00 |
| 11 | Berwick Rangers | 11 | 2 | 6 | 3 | 3 | 3 | 13 | 14 | -1 | 10 | 0.91 |
| 12 | Cowdenbeath | 7 | 0 | 5 | 2 | 0 | 1 | 9 | 15 | -6 | 5 | 0.71 |
| 13 | Stenhousemuir | 10 | 2 | 3 | 5 | 2 | 3 | 13 | 15 | -2 | 7 | 0.70 |
| 14 | Arbroath | 9 | 1 | 2 | 6 | 1 | 4 | 7 | 19 | -12 | 4 | 0.44 |
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