| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Arbroath | 36 | 66 | +19 | 20 | 6 | 10 | 80 | 61 |
| 2 | Albion Rovers | 36 | 61 | +16 | 17 | 10 | 9 | 56 | 40 |
| 3 | Queen's Park | 36 | 59 | +14 | 18 | 5 | 13 | 57 | 43 |
| 4 | Annan Athletic | 36 | 59 | +13 | 16 | 11 | 9 | 58 | 45 |
| 5 | Stranraer | 36 | 57 | +15 | 15 | 12 | 9 | 72 | 57 |
| 6 | 36 | 49 | +6 | 12 | 13 | 11 | 62 | 56 | |
| 7 | Elgin City | 36 | 45 | -10 | 13 | 6 | 17 | 53 | 63 |
| 8 | Montrose | 36 | 37 | -14 | 10 | 7 | 19 | 47 | 61 |
| 9 | 36 | 34 | -29 | 10 | 4 | 22 | 33 | 62 | |
| 10 | Clyde | 36 | 32 | -30 | 8 | 8 | 20 | 37 | 67 |