| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 9 | 5 | 2 | 2 | 2 | 1 | 19 | 12 | +7 | 12 | 1.33 |
| 2 | Clyde | 9 | 3 | 4 | 2 | 1 | 1 | 16 | 12 | +4 | 10 | 1.11 |
| 3 | Brechin City | 9 | 4 | 2 | 3 | 4 | 4 | 10 | 11 | -1 | 10 | 1.11 |
| 4 | Alloa Athletic | 9 | 2 | 5 | 2 | 2 | 2 | 11 | 12 | -1 | 9 | 1.00 |
| 5 | Berwick Rangers | 12 | 5 | 1 | 6 | 4 | 4 | 16 | 25 | -9 | 11 | 0.92 |
| 6 | Forfar Athletic | 10 | 3 | 3 | 4 | 3 | 4 | 10 | 14 | -4 | 9 | 0.90 |
| 7 | East Fife | 9 | 3 | 2 | 4 | 1 | 2 | 13 | 15 | -2 | 8 | 0.89 |
| 8 | Arbroath | 8 | 3 | 1 | 4 | 2 | 4 | 9 | 9 | 0 | 7 | 0.88 |
| 9 | Stenhousemuir | 9 | 1 | 3 | 5 | 3 | 3 | 9 | 13 | -4 | 5 | 0.56 |
| 10 | Queen's Park | 11 | 1 | 4 | 6 | 2 | 5 | 10 | 20 | -10 | 6 | 0.55 |
| 11 | Montrose | 10 | 2 | 1 | 7 | 1 | 3 | 13 | 24 | -11 | 5 | 0.50 |
| 12 | Queen of the South | 8 | 0 | 4 | 4 | 1 | 2 | 8 | 17 | -9 | 4 | 0.50 |
| 13 | East Stirlingshire | 12 | 2 | 2 | 8 | 2 | 5 | 12 | 31 | -19 | 6 | 0.50 |
| 14 | Albion Rovers | 11 | 0 | 1 | 10 | 0 | 8 | 5 | 28 | -23 | 1 | 0.09 |
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