| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 20 | 20 | 0 | 0 | 10 | 0 | 83 | 13 | +70 | 60 | 3.00 |
| 2 | Peterhead | 20 | 15 | 4 | 1 | 10 | 1 | 50 | 13 | +37 | 49 | 2.45 |
| 3 | Montrose | 20 | 10 | 5 | 5 | 3 | 5 | 31 | 22 | +9 | 35 | 1.75 |
| 4 | Elgin City | 16 | 8 | 4 | 4 | 5 | 4 | 22 | 20 | +2 | 28 | 1.75 |
| 5 | Cowdenbeath | 20 | 9 | 6 | 5 | 3 | 3 | 36 | 30 | +6 | 33 | 1.65 |
| 6 | Queen's Park | 20 | 9 | 5 | 6 | 8 | 7 | 29 | 19 | +10 | 32 | 1.60 |
| 7 | East Fife | 16 | 7 | 3 | 6 | 7 | 3 | 23 | 17 | +6 | 24 | 1.50 |
| 8 | Stenhousemuir | 16 | 6 | 4 | 6 | 4 | 4 | 33 | 22 | +11 | 22 | 1.38 |
| 9 | Albion Rovers | 16 | 4 | 8 | 4 | 4 | 4 | 18 | 22 | -4 | 20 | 1.25 |
| 10 | East Stirlingshire | 16 | 3 | 5 | 8 | 2 | 7 | 16 | 31 | -15 | 14 | 0.88 |
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
