| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 8 | 4 | 2 | 2 | 3 | 0 | 22 | 11 | +11 | 14 | 1.75 |
| 2 | Peterhead | 8 | 4 | 1 | 3 | 3 | 1 | 12 | 14 | -2 | 13 | 1.63 |
| 3 | Stenhousemuir | 10 | 4 | 2 | 4 | 5 | 4 | 17 | 20 | -3 | 14 | 1.40 |
| 4 | Albion Rovers | 10 | 4 | 2 | 4 | 2 | 2 | 14 | 23 | -9 | 14 | 1.40 |
| 5 | Cowdenbeath | 8 | 2 | 1 | 5 | 0 | 1 | 11 | 17 | -6 | 7 | 0.88 |
| 6 | Montrose | 8 | 1 | 2 | 5 | 2 | 4 | 6 | 14 | -8 | 5 | 0.63 |
| 7 | Queen's Park | 8 | 1 | 2 | 5 | 0 | 3 | 9 | 18 | -9 | 5 | 0.63 |
| 8 | East Fife | 10 | 1 | 3 | 6 | 1 | 3 | 10 | 23 | -13 | 6 | 0.60 |
| 9 | Elgin City | 10 | 1 | 1 | 8 | 1 | 5 | 5 | 19 | -14 | 4 | 0.40 |
| 10 | East Stirlingshire | 10 | 0 | 1 | 9 | 1 | 5 | 6 | 32 | -26 | 1 | 0.10 |
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
