| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stirling Albion | 18 | 44 | 7 | 1 | 1 | 18 | 4 | 7 | 1 | 1 | 18 | 8 | |||
| 2 | Stranraer | 18 | 38 | 6 | 0 | 3 | 19 | 8 | 6 | 2 | 1 | 20 | 8 | |||
| 3 | 18 | 35 | 4 | 4 | 1 | 14 | 10 | 6 | 1 | 2 | 12 | 9 | ||||
| 4 | Peterhead | 18 | 32 | 5 | 2 | 2 | 18 | 8 | 5 | 0 | 4 | 14 | 13 | |||
| 5 | Cowdenbeath | 18 | 28 | 4 | 1 | 4 | 13 | 13 | 4 | 3 | 2 | 11 | 6 | |||
| 6 | Montrose | 18 | 22 | 3 | 2 | 4 | 16 | 15 | 2 | 5 | 2 | 10 | 13 | |||
| 7 | Albion Rovers | 18 | 20 | 3 | 1 | 5 | 14 | 13 | 3 | 1 | 5 | 17 | 19 | |||
| 8 | Queen's Park | 18 | 18 | 2 | 3 | 4 | 10 | 13 | 2 | 3 | 4 | 8 | 13 | |||
| 9 | Elgin City | 18 | 10 | 1 | 2 | 6 | 14 | 26 | 1 | 2 | 6 | 16 | 29 | |||
| 10 | 18 | 5 | 1 | 2 | 6 | 13 | 21 | 0 | 0 | 9 | 5 | 31 | ||||