| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Gretna | 8 | 8 | 0 | 0 | 3 | 0 | 25 | 5 | +20 | 24 | 3.00 |
| 2 | Peterhead | 8 | 4 | 4 | 0 | 0 | 0 | 19 | 11 | +8 | 16 | 2.00 |
| 3 | Queen's Park | 8 | 3 | 2 | 3 | 1 | 0 | 13 | 13 | 0 | 11 | 1.38 |
| 4 | Cowdenbeath | 8 | 3 | 2 | 3 | 4 | 5 | 7 | 14 | -7 | 11 | 1.38 |
| 5 | Elgin City | 10 | 3 | 2 | 5 | 3 | 2 | 12 | 22 | -10 | 11 | 1.10 |
| 6 | East Fife | 10 | 2 | 2 | 6 | 2 | 3 | 7 | 16 | -9 | 8 | 0.80 |
| 7 | Montrose | 8 | 2 | 0 | 6 | 1 | 3 | 10 | 17 | -7 | 6 | 0.75 |
| 8 | East Stirlingshire | 10 | 2 | 1 | 7 | 0 | 3 | 10 | 25 | -15 | 7 | 0.70 |
| 9 | Stenhousemuir | 10 | 0 | 6 | 4 | 1 | 3 | 8 | 16 | -8 | 6 | 0.60 |
| 10 | Albion Rovers | 10 | 0 | 0 | 10 | 0 | 4 | 8 | 33 | -25 | 0 | 0.00 |
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
