| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen's Park | 19 | 11 | 6 | 2 | 10 | 6 | 27 | 12 | +15 | 28 | 1.47 |
| 2 | Stirling Albion | 19 | 12 | 3 | 4 | 10 | 4 | 39 | 11 | +28 | 27 | 1.42 |
| 3 | Stenhousemuir | 20 | 11 | 4 | 5 | 6 | 4 | 32 | 20 | +12 | 26 | 1.30 |
| 4 | Berwick Rangers | 19 | 9 | 6 | 4 | 6 | 4 | 27 | 18 | +9 | 24 | 1.26 |
| 5 | Dumbarton | 20 | 8 | 8 | 4 | 7 | 6 | 23 | 20 | +3 | 24 | 1.20 |
| 6 | Montrose | 19 | 10 | 2 | 7 | 10 | 4 | 29 | 18 | +11 | 22 | 1.16 |
| 7 | Albion Rovers | 19 | 8 | 5 | 6 | 4 | 4 | 31 | 30 | +1 | 21 | 1.11 |
| 8 | Cowdenbeath | 20 | 9 | 4 | 7 | 4 | 5 | 31 | 26 | +5 | 22 | 1.10 |
| 9 | Alloa Athletic | 19 | 8 | 4 | 7 | 5 | 4 | 27 | 22 | +5 | 20 | 1.05 |
| 10 | East Fife | 20 | 7 | 7 | 6 | 3 | 2 | 30 | 31 | -1 | 21 | 1.05 |
| 11 | Queen of the South | 20 | 7 | 6 | 7 | 6 | 4 | 31 | 29 | +2 | 20 | 1.00 |
| 12 | Stranraer | 19 | 8 | 3 | 8 | 5 | 2 | 30 | 30 | 0 | 19 | 1.00 |
| 13 | East Stirlingshire | 20 | 5 | 7 | 8 | 4 | 7 | 22 | 32 | -10 | 17 | 0.85 |
| 14 | Arbroath | 20 | 5 | 5 | 10 | 5 | 9 | 22 | 24 | -2 | 15 | 0.75 |
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
