| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 34 | 75 | 12 | 2 | 3 | 47 | 14 | 11 | 4 | 2 | 34 | 14 | |||
| 2 | Stirling Albion | 34 | 73 | 10 | 4 | 3 | 35 | 10 | 12 | 3 | 2 | 36 | 15 | |||
| 3 | 34 | 64 | 8 | 5 | 4 | 26 | 16 | 11 | 2 | 4 | 29 | 20 | ||||
| 4 | Peterhead | 34 | 61 | 10 | 5 | 2 | 37 | 11 | 8 | 2 | 7 | 27 | 21 | |||
| 5 | Cowdenbeath | 34 | 52 | 7 | 3 | 7 | 25 | 22 | 7 | 7 | 3 | 17 | 10 | |||
| 6 | Montrose | 34 | 42 | 6 | 4 | 7 | 30 | 34 | 4 | 8 | 5 | 19 | 28 | |||
| 7 | Albion Rovers | 34 | 40 | 6 | 2 | 9 | 34 | 31 | 6 | 2 | 9 | 30 | 36 | |||
| 8 | Queen's Park | 34 | 37 | 5 | 4 | 8 | 19 | 23 | 4 | 6 | 7 | 18 | 28 | |||
| 9 | Elgin City | 34 | 25 | 4 | 5 | 8 | 22 | 31 | 2 | 2 | 13 | 24 | 57 | |||
| 10 | 34 | 5 | 1 | 2 | 14 | 20 | 50 | 0 | 0 | 17 | 8 | 66 | ||||