| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stirling Albion | 21 | 48 | 8 | 2 | 2 | 22 | 7 | 7 | 1 | 1 | 18 | 8 | |||
| 2 | Stranraer | 21 | 47 | 8 | 0 | 3 | 32 | 9 | 7 | 2 | 1 | 24 | 9 | |||
| 3 | 21 | 39 | 4 | 4 | 2 | 14 | 11 | 7 | 2 | 2 | 15 | 11 | ||||
| 4 | Peterhead | 21 | 38 | 6 | 2 | 2 | 24 | 8 | 6 | 0 | 5 | 17 | 15 | |||
| 5 | Cowdenbeath | 21 | 32 | 5 | 1 | 5 | 19 | 16 | 4 | 4 | 2 | 12 | 7 | |||
| 6 | Montrose | 22 | 26 | 4 | 2 | 5 | 19 | 20 | 2 | 6 | 3 | 11 | 17 | |||
| 7 | Albion Rovers | 20 | 23 | 4 | 1 | 5 | 17 | 13 | 3 | 1 | 6 | 17 | 22 | |||
| 8 | Queen's Park | 21 | 22 | 2 | 4 | 4 | 11 | 14 | 3 | 3 | 5 | 10 | 18 | |||
| 9 | Elgin City | 21 | 14 | 2 | 3 | 6 | 18 | 27 | 1 | 2 | 7 | 16 | 35 | |||
| 10 | 21 | 5 | 1 | 2 | 6 | 13 | 21 | 0 | 0 | 12 | 6 | 47 | ||||