| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Peterhead | 3 | 2 | 1 | 0 | 2 | 1 | 4 | 1 | +3 | 7 | 2.33 |
| 2 | Forfar Athletic | 4 | 2 | 2 | 0 | 3 | 1 | 5 | 2 | +3 | 8 | 2.00 |
| 3 | Stranraer | 10 | 6 | 1 | 3 | 5 | 1 | 15 | 11 | +4 | 19 | 1.90 |
| 4 | Annan Athletic | 4 | 2 | 1 | 1 | 1 | 1 | 5 | 5 | 0 | 7 | 1.75 |
| 5 | Albion Rovers | 8 | 4 | 1 | 3 | 2 | 2 | 12 | 8 | +4 | 13 | 1.63 |
| 6 | Elgin City | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 2 | -1 | 3 | 1.50 |
| 7 | Alloa Athletic | 6 | 2 | 2 | 2 | 3 | 1 | 8 | 5 | +3 | 8 | 1.33 |
| 8 | Berwick Rangers | 6 | 2 | 2 | 2 | 2 | 2 | 5 | 8 | -3 | 8 | 1.33 |
| 9 | Cowdenbeath | 6 | 1 | 4 | 1 | 2 | 2 | 5 | 5 | 0 | 7 | 1.17 |
| 10 | Stenhousemuir | 6 | 1 | 4 | 1 | 4 | 5 | 2 | 2 | 0 | 7 | 1.17 |
| 11 | East Fife | 7 | 2 | 2 | 3 | 1 | 3 | 9 | 11 | -2 | 8 | 1.14 |
| 12 | Arbroath | 12 | 3 | 4 | 5 | 3 | 5 | 13 | 13 | 0 | 13 | 1.08 |
| 13 | Queen's Park | 14 | 4 | 3 | 7 | 3 | 5 | 17 | 23 | -6 | 15 | 1.07 |
| 14 | East Stirlingshire | 4 | 0 | 2 | 2 | 0 | 1 | 4 | 6 | -2 | 2 | 0.50 |
| 15 | Montrose | 2 | 0 | 1 | 1 | 0 | 1 | 1 | 4 | -3 | 1 | 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
