| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 36 | 79 | 13 | 2 | 3 | 51 | 14 | 11 | 5 | 2 | 36 | 16 | |||
| 2 | Stirling Albion | 36 | 77 | 10 | 5 | 3 | 37 | 12 | 13 | 3 | 2 | 41 | 15 | |||
| 3 | 36 | 68 | 9 | 5 | 4 | 29 | 18 | 11 | 3 | 4 | 30 | 21 | ||||
| 4 | Peterhead | 36 | 61 | 10 | 5 | 3 | 38 | 13 | 8 | 2 | 8 | 29 | 24 | |||
| 5 | Cowdenbeath | 36 | 55 | 7 | 3 | 8 | 25 | 27 | 8 | 7 | 3 | 21 | 12 | |||
| 6 | Montrose | 36 | 48 | 7 | 4 | 7 | 31 | 34 | 5 | 8 | 5 | 21 | 29 | |||
| 7 | Queen's Park | 36 | 41 | 5 | 5 | 8 | 20 | 24 | 5 | 6 | 7 | 21 | 29 | |||
| 8 | Albion Rovers | 36 | 40 | 6 | 2 | 10 | 36 | 35 | 6 | 2 | 10 | 30 | 40 | |||
| 9 | Elgin City | 36 | 25 | 4 | 5 | 9 | 23 | 34 | 2 | 2 | 14 | 25 | 59 | |||
| 10 | 36 | 8 | 2 | 2 | 14 | 22 | 51 | 0 | 0 | 18 | 8 | 67 | ||||