| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen's Park | 10 | 7 | 0 | 3 | 2 | 1 | 20 | 16 | +4 | 21 | 2.10 |
| 2 | Annan Athletic | 8 | 4 | 3 | 1 | 3 | 2 | 13 | 6 | +7 | 15 | 1.88 |
| 3 | Stranraer | 10 | 5 | 3 | 2 | 2 | 1 | 24 | 11 | +13 | 18 | 1.80 |
| 4 | Alloa Athletic | 10 | 5 | 3 | 2 | 3 | 2 | 13 | 13 | 0 | 18 | 1.80 |
| 5 | Berwick Rangers | 8 | 3 | 4 | 1 | 0 | 0 | 19 | 13 | +6 | 13 | 1.63 |
| 6 | Elgin City | 10 | 3 | 6 | 1 | 1 | 1 | 16 | 15 | +1 | 15 | 1.50 |
| 7 | Peterhead | 10 | 5 | 0 | 5 | 4 | 2 | 15 | 15 | 0 | 15 | 1.50 |
| 8 | Montrose | 8 | 3 | 1 | 4 | 0 | 2 | 10 | 12 | -2 | 10 | 1.25 |
| 9 | Clyde | 8 | 2 | 1 | 5 | 2 | 5 | 4 | 15 | -11 | 7 | 0.88 |
| 10 | East Stirlingshire | 8 | 1 | 1 | 6 | 1 | 2 | 9 | 24 | -15 | 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
