| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 20 | 15 | 2 | 3 | 9 | 1 | 38 | 18 | +20 | 32 | 1.60 |
| 2 | Stenhousemuir | 19 | 10 | 6 | 3 | 8 | 3 | 35 | 15 | +20 | 26 | 1.37 |
| 3 | Livingston | 19 | 9 | 8 | 2 | 4 | 1 | 36 | 24 | +12 | 26 | 1.37 |
| 4 | Berwick Rangers | 20 | 9 | 7 | 4 | 7 | 2 | 40 | 23 | +17 | 25 | 1.25 |
| 5 | East Fife | 19 | 9 | 5 | 5 | 5 | 4 | 33 | 23 | +10 | 23 | 1.21 |
| 6 | Queen's Park | 20 | 10 | 4 | 6 | 4 | 3 | 34 | 32 | +2 | 24 | 1.20 |
| 7 | Queen of the South | 19 | 9 | 3 | 7 | 8 | 4 | 36 | 20 | +16 | 21 | 1.11 |
| 8 | Arbroath | 19 | 6 | 8 | 5 | 6 | 5 | 24 | 28 | -4 | 20 | 1.05 |
| 9 | Alloa Athletic | 20 | 6 | 8 | 6 | 8 | 5 | 16 | 17 | -1 | 20 | 1.00 |
| 10 | Forfar Athletic | 20 | 6 | 6 | 8 | 4 | 6 | 27 | 32 | -5 | 18 | 0.90 |
| 11 | Montrose | 19 | 6 | 5 | 8 | 5 | 5 | 24 | 25 | -1 | 17 | 0.89 |
| 12 | East Stirlingshire | 19 | 7 | 3 | 9 | 5 | 4 | 29 | 31 | -2 | 17 | 0.89 |
| 13 | Albion Rovers | 20 | 3 | 5 | 12 | 3 | 7 | 18 | 33 | -15 | 11 | 0.55 |
| 14 | Cowdenbeath | 20 | 1 | 4 | 15 | 1 | 5 | 19 | 39 | -20 | 6 | 0.30 |
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
