| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Rangers | 16 | 12 | 3 | 1 | 7 | 0 | 39 | 13 | +26 | 39 | 2.44 |
| 2 | Peterhead | 16 | 6 | 5 | 5 | 6 | 6 | 17 | 14 | +3 | 23 | 1.44 |
| 3 | Annan Athletic | 20 | 6 | 7 | 7 | 5 | 5 | 28 | 33 | -5 | 25 | 1.25 |
| 4 | Montrose | 20 | 6 | 5 | 9 | 3 | 4 | 30 | 44 | -14 | 23 | 1.15 |
| 5 | Berwick Rangers | 16 | 4 | 5 | 7 | 2 | 4 | 19 | 23 | -4 | 17 | 1.06 |
| 6 | Stirling Albion | 20 | 5 | 6 | 9 | 5 | 5 | 24 | 32 | -8 | 21 | 1.05 |
| 7 | Elgin City | 16 | 4 | 4 | 8 | 4 | 4 | 18 | 32 | -14 | 16 | 1.00 |
| 8 | Queen's Park | 16 | 4 | 3 | 9 | 3 | 8 | 17 | 28 | -11 | 15 | 0.94 |
| 9 | Clyde | 20 | 3 | 3 | 14 | 1 | 8 | 20 | 44 | -24 | 12 | 0.60 |
| 10 | East Stirlingshire | 20 | 4 | 0 | 16 | 0 | 8 | 23 | 62 | -39 | 12 | 0.60 |
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
