| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 11 | 8 | 1 | 2 | 3 | 1 | 22 | 12 | +10 | 17 | 1.55 |
| 2 | Cowdenbeath | 11 | 6 | 4 | 1 | 3 | 1 | 22 | 12 | +10 | 16 | 1.45 |
| 3 | Stirling Albion | 11 | 4 | 7 | 0 | 6 | 3 | 12 | 8 | +4 | 15 | 1.36 |
| 4 | Montrose | 11 | 6 | 1 | 4 | 5 | 2 | 16 | 9 | +7 | 13 | 1.18 |
| 5 | Alloa Athletic | 9 | 3 | 4 | 2 | 2 | 3 | 16 | 10 | +6 | 10 | 1.11 |
| 6 | Albion Rovers | 8 | 2 | 4 | 2 | 2 | 3 | 9 | 9 | 0 | 8 | 1.00 |
| 7 | East Stirlingshire | 8 | 3 | 2 | 3 | 2 | 3 | 7 | 13 | -6 | 8 | 1.00 |
| 8 | Stenhousemuir | 11 | 3 | 4 | 4 | 4 | 4 | 13 | 11 | +2 | 10 | 0.91 |
| 9 | East Fife | 10 | 4 | 1 | 5 | 2 | 2 | 16 | 20 | -4 | 9 | 0.90 |
| 10 | Berwick Rangers | 10 | 3 | 2 | 5 | 3 | 2 | 13 | 21 | -8 | 8 | 0.80 |
| 11 | Queen's Park | 9 | 2 | 2 | 5 | 0 | 2 | 11 | 15 | -4 | 6 | 0.67 |
| 12 | Arbroath | 9 | 1 | 4 | 4 | 0 | 2 | 10 | 17 | -7 | 6 | 0.67 |
| 13 | Dumbarton | 10 | 3 | 0 | 7 | 2 | 1 | 11 | 16 | -5 | 6 | 0.60 |
| 14 | Queen of the South | 9 | 0 | 4 | 5 | 0 | 4 | 8 | 17 | -9 | 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
