| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen of the South | 20 | 16 | 3 | 1 | 11 | 1 | 48 | 14 | +34 | 51 | 2.55 |
| 2 | Forfar Athletic | 20 | 15 | 1 | 4 | 3 | 2 | 50 | 33 | +17 | 46 | 2.30 |
| 3 | Alloa Athletic | 20 | 12 | 5 | 3 | 8 | 2 | 41 | 17 | +24 | 41 | 2.05 |
| 4 | Brechin City | 20 | 12 | 3 | 5 | 6 | 1 | 46 | 28 | +18 | 39 | 1.95 |
| 5 | Arbroath | 20 | 10 | 4 | 6 | 7 | 5 | 24 | 25 | -1 | 34 | 1.70 |
| 6 | Ayr United | 16 | 8 | 3 | 5 | 1 | 3 | 28 | 27 | +1 | 27 | 1.69 |
| 7 | Stenhousemuir | 16 | 6 | 6 | 4 | 4 | 2 | 28 | 21 | +7 | 24 | 1.50 |
| 8 | Stranraer | 16 | 6 | 5 | 5 | 3 | 2 | 23 | 23 | 0 | 23 | 1.44 |
| 9 | East Fife | 16 | 5 | 3 | 8 | 2 | 2 | 29 | 29 | 0 | 18 | 1.13 |
| 10 | Albion Rovers | 16 | 5 | 3 | 8 | 2 | 3 | 25 | 33 | -8 | 18 | 1.13 |
3 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
