| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 18 | 18 | 0 | 0 | 9 | 0 | 70 | 10 | +60 | 54 | 3.00 |
| 2 | Peterhead | 18 | 11 | 6 | 1 | 6 | 1 | 46 | 17 | +29 | 39 | 2.17 |
| 3 | Cowdenbeath | 18 | 8 | 4 | 6 | 5 | 7 | 24 | 32 | -8 | 28 | 1.56 |
| 4 | Queen's Park | 18 | 7 | 5 | 6 | 5 | 4 | 24 | 24 | 0 | 26 | 1.44 |
| 5 | Elgin City | 18 | 7 | 5 | 6 | 5 | 3 | 24 | 31 | -7 | 26 | 1.44 |
| 6 | East Fife | 18 | 7 | 4 | 7 | 8 | 4 | 17 | 19 | -2 | 25 | 1.39 |
| 7 | Montrose | 18 | 7 | 2 | 9 | 3 | 6 | 27 | 29 | -2 | 23 | 1.28 |
| 8 | Stenhousemuir | 18 | 5 | 7 | 6 | 4 | 4 | 31 | 25 | +6 | 22 | 1.22 |
| 9 | East Stirlingshire | 18 | 4 | 3 | 11 | 1 | 6 | 17 | 39 | -22 | 15 | 0.83 |
| 10 | Albion Rovers | 18 | 3 | 4 | 11 | 3 | 5 | 20 | 46 | -26 | 13 | 0.72 |
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
