| Place | Team | GP | Won | Draw | Lost | GF | GA | +/- | Points |
| 1 | Cove Rangers | 15 | 11 | 1 | 3 | 40 | 21 | 19 | 34 |
| 2 | Edinburgh City | 15 | 10 | 2 | 3 | 32 | 21 | 11 | 32 |
| 3 | Cowdenbeath | 14 | 8 | 2 | 4 | 18 | 12 | 6 | 26 |
| 4 | Annan Athletic | 15 | 7 | 3 | 5 | 23 | 25 | -2 | 24 |
| 5 | Elgin City | 15 | 4 | 6 | 5 | 22 | 17 | 5 | 18 |
| 6 | Queen's Park | 15 | 5 | 3 | 7 | 19 | 21 | -2 | 18 |
| 7 | Stirling Albion | 15 | 4 | 4 | 7 | 14 | 15 | -1 | 16 |
| 8 | Stenhousemuir | 15 | 4 | 4 | 7 | 17 | 28 | -11 | 16 |
| 9 | Albion Rovers | 14 | 4 | 2 | 8 | 20 | 29 | -9 | 14 |
| 10 | Brechin City | 15 | 3 | 1 | 11 | 19 | 35 | -16 | 10 |