| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stranraer | 8 | 2 | 4 | 2 | 1 | 2 | 13 | 12 | +1 | 10 | 1.25 |
| 2 | Annan Athletic | 8 | 2 | 4 | 2 | 4 | 3 | 7 | 8 | -1 | 10 | 1.25 |
| 3 | Arbroath | 8 | 3 | 1 | 4 | 1 | 2 | 12 | 20 | -8 | 10 | 1.25 |
| 4 | Berwick Rangers | 10 | 3 | 3 | 4 | 2 | 1 | 14 | 15 | -1 | 12 | 1.20 |
| 5 | Elgin City | 10 | 3 | 2 | 5 | 1 | 3 | 13 | 17 | -4 | 11 | 1.10 |
| 6 | Albion Rovers | 8 | 2 | 2 | 4 | 1 | 1 | 11 | 16 | -5 | 8 | 1.00 |
| 7 | Queen's Park | 8 | 2 | 1 | 5 | 0 | 2 | 9 | 12 | -3 | 7 | 0.88 |
| 8 | Montrose | 10 | 2 | 2 | 6 | 1 | 2 | 12 | 23 | -11 | 8 | 0.80 |
| 9 | Clyde | 10 | 2 | 1 | 7 | 2 | 4 | 8 | 20 | -12 | 7 | 0.70 |
| 10 | East Stirlingshire | 10 | 1 | 0 | 9 | 0 | 6 | 8 | 23 | -15 | 3 | 0.30 |
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
