| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stirling Albion | 21 | 11 | 8 | 2 | 12 | 4 | 35 | 14 | +21 | 30 | 1.43 |
| 2 | Cowdenbeath | 21 | 12 | 6 | 3 | 6 | 3 | 38 | 21 | +17 | 30 | 1.43 |
| 3 | Stranraer | 21 | 13 | 3 | 5 | 6 | 2 | 42 | 24 | +18 | 29 | 1.38 |
| 4 | Stenhousemuir | 21 | 10 | 6 | 5 | 9 | 6 | 29 | 16 | +13 | 26 | 1.24 |
| 5 | Montrose | 21 | 11 | 3 | 7 | 11 | 4 | 35 | 19 | +16 | 25 | 1.19 |
| 6 | Queen's Park | 21 | 10 | 5 | 6 | 6 | 5 | 32 | 22 | +10 | 25 | 1.19 |
| 7 | Albion Rovers | 18 | 7 | 7 | 4 | 4 | 4 | 29 | 22 | +7 | 21 | 1.17 |
| 8 | Berwick Rangers | 18 | 8 | 5 | 5 | 8 | 2 | 28 | 27 | +1 | 21 | 1.17 |
| 9 | Alloa Athletic | 18 | 7 | 6 | 5 | 4 | 4 | 35 | 24 | +11 | 20 | 1.11 |
| 10 | East Fife | 18 | 7 | 4 | 7 | 4 | 3 | 30 | 30 | 0 | 18 | 1.00 |
| 11 | East Stirlingshire | 18 | 6 | 6 | 6 | 4 | 6 | 20 | 31 | -11 | 18 | 1.00 |
| 12 | Dumbarton | 21 | 8 | 4 | 9 | 5 | 4 | 26 | 28 | -2 | 20 | 0.95 |
| 13 | Queen of the South | 18 | 4 | 6 | 8 | 4 | 5 | 24 | 27 | -3 | 14 | 0.78 |
| 14 | Arbroath | 18 | 3 | 8 | 7 | 2 | 6 | 20 | 25 | -5 | 14 | 0.78 |
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
