| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 31 | 66 | 10 | 2 | 3 | 43 | 12 | 10 | 4 | 2 | 32 | 14 | |||
| 2 | Stirling Albion | 31 | 66 | 10 | 3 | 3 | 34 | 9 | 10 | 3 | 2 | 32 | 15 | |||
| 3 | 31 | 58 | 7 | 5 | 4 | 21 | 15 | 10 | 2 | 3 | 23 | 16 | ||||
| 4 | Peterhead | 31 | 54 | 9 | 4 | 2 | 33 | 9 | 7 | 2 | 7 | 24 | 21 | |||
| 5 | Cowdenbeath | 31 | 51 | 7 | 2 | 6 | 25 | 19 | 7 | 7 | 2 | 17 | 9 | |||
| 6 | Montrose | 31 | 40 | 6 | 4 | 6 | 29 | 30 | 4 | 6 | 5 | 18 | 27 | |||
| 7 | Queen's Park | 31 | 36 | 5 | 4 | 6 | 19 | 20 | 4 | 5 | 7 | 17 | 27 | |||
| 8 | Albion Rovers | 31 | 34 | 6 | 2 | 8 | 33 | 29 | 4 | 2 | 9 | 21 | 35 | |||
| 9 | Elgin City | 31 | 22 | 4 | 5 | 7 | 22 | 30 | 1 | 2 | 12 | 21 | 53 | |||
| 10 | 31 | 5 | 1 | 2 | 12 | 19 | 39 | 0 | 0 | 16 | 7 | 61 | ||||