| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 35 | 76 | 12 | 2 | 3 | 47 | 14 | 11 | 5 | 2 | 36 | 16 | |||
| 2 | Stirling Albion | 35 | 74 | 10 | 5 | 3 | 37 | 12 | 12 | 3 | 2 | 36 | 15 | |||
| 3 | 35 | 67 | 9 | 5 | 4 | 29 | 18 | 11 | 2 | 4 | 29 | 20 | ||||
| 4 | Peterhead | 35 | 61 | 10 | 5 | 2 | 37 | 11 | 8 | 2 | 8 | 29 | 24 | |||
| 5 | Cowdenbeath | 35 | 55 | 7 | 3 | 7 | 25 | 22 | 8 | 7 | 3 | 21 | 12 | |||
| 6 | Montrose | 35 | 45 | 7 | 4 | 7 | 31 | 34 | 4 | 8 | 5 | 19 | 28 | |||
| 7 | Albion Rovers | 35 | 40 | 6 | 2 | 10 | 36 | 35 | 6 | 2 | 9 | 30 | 36 | |||
| 8 | Queen's Park | 35 | 40 | 5 | 4 | 8 | 19 | 23 | 5 | 6 | 7 | 21 | 29 | |||
| 9 | Elgin City | 35 | 25 | 4 | 5 | 9 | 23 | 34 | 2 | 2 | 13 | 24 | 57 | |||
| 10 | 35 | 5 | 1 | 2 | 14 | 20 | 50 | 0 | 0 | 18 | 8 | 67 | ||||