| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 16 | 12 | 2 | 2 | 6 | 0 | 47 | 16 | +31 | 38 | 2.38 |
| 2 | Peterhead | 16 | 8 | 5 | 3 | 3 | 1 | 31 | 25 | +6 | 29 | 1.81 |
| 3 | Cowdenbeath | 16 | 5 | 3 | 8 | 4 | 6 | 18 | 31 | -13 | 18 | 1.13 |
| 4 | Stenhousemuir | 20 | 4 | 8 | 8 | 6 | 7 | 25 | 36 | -11 | 20 | 1.00 |
| 5 | Queen's Park | 16 | 4 | 4 | 8 | 1 | 3 | 22 | 31 | -9 | 16 | 1.00 |
| 6 | Elgin City | 20 | 4 | 3 | 13 | 4 | 7 | 17 | 41 | -24 | 15 | 0.75 |
| 7 | East Fife | 20 | 3 | 5 | 12 | 3 | 6 | 17 | 39 | -22 | 14 | 0.70 |
| 8 | Albion Rovers | 20 | 4 | 2 | 14 | 2 | 6 | 22 | 56 | -34 | 14 | 0.70 |
| 9 | Montrose | 16 | 3 | 2 | 11 | 3 | 7 | 16 | 31 | -15 | 11 | 0.69 |
| 10 | East Stirlingshire | 20 | 2 | 2 | 16 | 1 | 8 | 16 | 57 | -41 | 8 | 0.40 |
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
