| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Queen's Park | 20 | 14 | 3 | 3 | 8 | 2 | 46 | 21 | +25 | 45 | 2.25 |
| 2 | Stranraer | 20 | 12 | 5 | 3 | 5 | 2 | 53 | 25 | +28 | 41 | 2.05 |
| 3 | Annan Athletic | 16 | 8 | 6 | 2 | 6 | 2 | 26 | 14 | +12 | 30 | 1.88 |
| 4 | Elgin City | 20 | 10 | 7 | 3 | 4 | 2 | 39 | 25 | +14 | 37 | 1.85 |
| 5 | Alloa Athletic | 20 | 10 | 7 | 3 | 6 | 3 | 31 | 22 | +9 | 37 | 1.85 |
| 6 | Peterhead | 20 | 10 | 2 | 8 | 8 | 3 | 30 | 27 | +3 | 32 | 1.60 |
| 7 | Montrose | 16 | 7 | 3 | 6 | 2 | 2 | 31 | 24 | +7 | 24 | 1.50 |
| 8 | Berwick Rangers | 16 | 5 | 5 | 6 | 1 | 3 | 30 | 27 | +3 | 20 | 1.25 |
| 9 | Clyde | 16 | 5 | 4 | 7 | 5 | 6 | 20 | 25 | -5 | 19 | 1.19 |
| 10 | East Stirlingshire | 16 | 5 | 2 | 9 | 3 | 4 | 18 | 35 | -17 | 17 | 1.06 |
Points per game, average goal difference then average goals scored applies










