| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Fife | 11 | 3 | 5 | 3 | 3 | 2 | 14 | 13 | +1 | 11 | 1.00 |
| 2 | Queen of the South | 10 | 4 | 2 | 4 | 3 | 4 | 11 | 12 | -1 | 10 | 1.00 |
| 3 | Stranraer | 9 | 2 | 4 | 3 | 1 | 3 | 9 | 9 | 0 | 8 | 0.89 |
| 4 | Berwick Rangers | 8 | 2 | 3 | 3 | 1 | 3 | 10 | 11 | -1 | 7 | 0.88 |
| 5 | Forfar Athletic | 11 | 3 | 3 | 5 | 2 | 3 | 14 | 17 | -3 | 9 | 0.82 |
| 6 | East Stirlingshire | 10 | 2 | 4 | 4 | 3 | 4 | 7 | 14 | -7 | 8 | 0.80 |
| 7 | Alloa Athletic | 9 | 1 | 5 | 3 | 1 | 1 | 9 | 13 | -4 | 7 | 0.78 |
| 8 | Montrose | 10 | 3 | 1 | 6 | 1 | 4 | 17 | 23 | -6 | 7 | 0.70 |
| 9 | Livingston | 6 | 1 | 2 | 3 | 1 | 1 | 7 | 12 | -5 | 4 | 0.67 |
| 10 | Cowdenbeath | 9 | 2 | 2 | 5 | 1 | 4 | 7 | 15 | -8 | 6 | 0.67 |
| 11 | Albion Rovers | 12 | 2 | 4 | 6 | 1 | 2 | 13 | 24 | -11 | 8 | 0.67 |
| 12 | Stenhousemuir | 10 | 3 | 0 | 7 | 1 | 4 | 8 | 17 | -9 | 6 | 0.60 |
| 13 | Queen's Park | 10 | 0 | 4 | 6 | 1 | 6 | 9 | 26 | -17 | 4 | 0.40 |
| 14 | Arbroath | 11 | 2 | 0 | 9 | 0 | 8 | 5 | 28 | -23 | 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
