| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Stenhousemuir | 8 | 5 | 0 | 3 | 3 | 2 | 15 | 9 | +6 | 15 | 1.88 |
| 2 | Cowdenbeath | 8 | 3 | 1 | 4 | 2 | 2 | 10 | 8 | +2 | 10 | 1.25 |
| 3 | Annan Athletic | 10 | 3 | 3 | 4 | 3 | 3 | 13 | 11 | +2 | 12 | 1.20 |
| 4 | Forfar Athletic | 10 | 3 | 3 | 4 | 3 | 4 | 12 | 15 | -3 | 12 | 1.20 |
| 5 | East Stirlingshire | 8 | 2 | 3 | 3 | 2 | 4 | 8 | 10 | -2 | 9 | 1.13 |
| 6 | Dumbarton | 8 | 2 | 2 | 4 | 2 | 3 | 8 | 13 | -5 | 8 | 1.00 |
| 7 | Berwick Rangers | 10 | 2 | 2 | 6 | 1 | 4 | 11 | 17 | -6 | 8 | 0.80 |
| 8 | Montrose | 8 | 1 | 3 | 4 | 0 | 1 | 10 | 16 | -6 | 6 | 0.75 |
| 9 | Albion Rovers | 10 | 2 | 1 | 7 | 1 | 5 | 6 | 12 | -6 | 7 | 0.70 |
| 10 | Elgin City | 10 | 0 | 1 | 9 | 0 | 5 | 7 | 30 | -23 | 1 | 0.10 |
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
