| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | East Fife | 10 | 8 | 2 | 0 | 4 | 0 | 25 | 9 | +16 | 26 | 2.60 |
| 2 | Montrose | 10 | 6 | 2 | 2 | 4 | 1 | 21 | 9 | +12 | 20 | 2.00 |
| 3 | Stranraer | 10 | 6 | 2 | 2 | 3 | 1 | 21 | 11 | +10 | 20 | 2.00 |
| 4 | Stenhousemuir | 10 | 5 | 3 | 2 | 1 | 2 | 19 | 14 | +5 | 18 | 1.80 |
| 5 | Arbroath | 10 | 5 | 1 | 4 | 2 | 1 | 17 | 15 | +2 | 16 | 1.60 |
| 6 | Elgin City | 8 | 3 | 2 | 3 | 2 | 3 | 11 | 13 | -2 | 11 | 1.38 |
| 7 | Albion Rovers | 8 | 2 | 1 | 5 | 0 | 4 | 12 | 17 | -5 | 7 | 0.88 |
| 8 | East Stirlingshire | 8 | 2 | 1 | 5 | 1 | 4 | 8 | 18 | -10 | 7 | 0.88 |
| 9 | Dumbarton | 8 | 1 | 2 | 5 | 1 | 1 | 8 | 14 | -6 | 5 | 0.63 |
| 10 | Forfar Athletic | 8 | 0 | 4 | 4 | 3 | 3 | 6 | 13 | -7 | 4 | 0.50 |
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
