| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 19 | 8 | 8 | 3 | 5 | 5 | 25 | 17 | +8 | 24 | 1.26 |
| 2 | Berwick Rangers | 19 | 9 | 5 | 5 | 4 | 4 | 35 | 23 | +12 | 23 | 1.21 |
| 3 | Forfar Athletic | 19 | 8 | 5 | 6 | 3 | 3 | 31 | 26 | +5 | 21 | 1.11 |
| 4 | Alloa Athletic | 19 | 6 | 9 | 4 | 5 | 2 | 25 | 22 | +3 | 21 | 1.11 |
| 5 | Queen of the South | 20 | 8 | 6 | 6 | 6 | 5 | 33 | 28 | +5 | 22 | 1.10 |
| 6 | Livingston | 20 | 8 | 5 | 7 | 8 | 5 | 26 | 24 | +2 | 21 | 1.05 |
| 7 | Stenhousemuir | 20 | 9 | 3 | 8 | 2 | 5 | 27 | 29 | -2 | 21 | 1.05 |
| 8 | East Stirlingshire | 20 | 6 | 8 | 6 | 5 | 5 | 25 | 26 | -1 | 20 | 1.00 |
| 9 | Montrose | 20 | 8 | 3 | 9 | 5 | 6 | 32 | 36 | -4 | 19 | 0.95 |
| 10 | East Fife | 20 | 6 | 6 | 8 | 4 | 4 | 25 | 29 | -4 | 18 | 0.90 |
| 11 | Cowdenbeath | 19 | 5 | 4 | 10 | 2 | 6 | 21 | 33 | -12 | 14 | 0.74 |
| 12 | Albion Rovers | 19 | 4 | 5 | 10 | 2 | 6 | 19 | 33 | -14 | 13 | 0.68 |
| 13 | Arbroath | 20 | 6 | 1 | 13 | 3 | 11 | 18 | 39 | -21 | 13 | 0.65 |
| 14 | Queen's Park | 19 | 2 | 6 | 11 | 1 | 10 | 18 | 44 | -26 | 10 | 0.53 |
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
