| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Rangers | 36 | 83 | +58 | 25 | 8 | 3 | 87 | 29 |
| 2 | Peterhead | 35 | 56 | +23 | 16 | 8 | 11 | 51 | 28 |
| 3 | Queen's Park | 35 | 56 | +8 | 16 | 8 | 11 | 60 | 52 |
| 4 | Montrose | 35 | 47 | -7 | 12 | 11 | 12 | 58 | 65 |
| 5 | 35 | 46 | +3 | 13 | 7 | 15 | 57 | 54 | |
| 6 | Stirling Albion | 35 | 45 | +2 | 12 | 9 | 14 | 59 | 57 |
| 7 | Elgin City | 33 | 43 | -4 | 11 | 10 | 12 | 59 | 63 |
| 8 | Annan Athletic | 35 | 40 | -13 | 10 | 10 | 15 | 52 | 65 |
| 9 | Clyde | 35 | 40 | -22 | 12 | 4 | 19 | 40 | 62 |
| 10 | 36 | 29 | -48 | 8 | 5 | 23 | 49 | 97 |