| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 9 | 3 | 5 | 1 | 4 | 2 | 12 | 8 | +4 | 11 | 1.22 |
| 2 | Arbroath | 10 | 4 | 4 | 2 | 4 | 3 | 13 | 12 | +1 | 12 | 1.20 |
| 3 | Forfar Athletic | 8 | 3 | 3 | 2 | 1 | 1 | 13 | 10 | +3 | 9 | 1.13 |
| 4 | Brechin City | 9 | 4 | 2 | 3 | 2 | 2 | 13 | 10 | +3 | 10 | 1.11 |
| 5 | Clyde | 9 | 3 | 4 | 2 | 5 | 4 | 9 | 6 | +3 | 10 | 1.11 |
| 6 | Berwick Rangers | 9 | 3 | 2 | 4 | 0 | 3 | 13 | 14 | -1 | 8 | 0.89 |
| 7 | East Fife | 12 | 3 | 4 | 5 | 2 | 2 | 14 | 18 | -4 | 10 | 0.83 |
| 8 | Queen's Park | 10 | 2 | 3 | 5 | 1 | 2 | 11 | 20 | -9 | 7 | 0.70 |
| 9 | Stenhousemuir | 9 | 3 | 0 | 6 | 3 | 2 | 14 | 17 | -3 | 6 | 0.67 |
| 10 | Alloa Athletic | 9 | 2 | 2 | 5 | 0 | 3 | 9 | 21 | -12 | 6 | 0.67 |
| 11 | East Stirlingshire | 9 | 2 | 1 | 6 | 2 | 3 | 11 | 19 | -8 | 5 | 0.56 |
| 12 | Queen of the South | 13 | 2 | 3 | 8 | 2 | 4 | 17 | 28 | -11 | 7 | 0.54 |
| 13 | Albion Rovers | 10 | 1 | 2 | 7 | 1 | 4 | 7 | 16 | -9 | 4 | 0.40 |
| 14 | Montrose | 11 | 1 | 2 | 8 | 2 | 5 | 7 | 21 | -14 | 4 | 0.36 |
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
