| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 10 | 10 | 0 | 0 | 6 | 0 | 45 | 5 | +40 | 30 | 3.00 |
| 2 | Peterhead | 10 | 7 | 2 | 1 | 6 | 1 | 27 | 6 | +21 | 23 | 2.30 |
| 3 | East Fife | 8 | 5 | 2 | 1 | 6 | 1 | 10 | 3 | +7 | 17 | 2.13 |
| 4 | Stenhousemuir | 8 | 5 | 1 | 2 | 3 | 1 | 23 | 9 | +14 | 16 | 2.00 |
| 5 | Elgin City | 8 | 4 | 3 | 1 | 2 | 1 | 12 | 9 | +3 | 15 | 1.88 |
| 6 | Montrose | 10 | 5 | 2 | 3 | 2 | 3 | 17 | 12 | +5 | 17 | 1.70 |
| 7 | Cowdenbeath | 10 | 5 | 2 | 3 | 1 | 2 | 17 | 18 | -1 | 17 | 1.70 |
| 8 | Albion Rovers | 8 | 3 | 4 | 1 | 3 | 1 | 12 | 13 | -1 | 13 | 1.63 |
| 9 | Queen's Park | 10 | 4 | 3 | 3 | 4 | 4 | 11 | 11 | 0 | 15 | 1.50 |
| 10 | East Stirlingshire | 8 | 2 | 2 | 4 | 1 | 3 | 7 | 14 | -7 | 8 | 1.00 |
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
