| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 26 | 51 | 9 | 2 | 2 | 26 | 14 | 7 | 1 | 5 | 32 | 28 | |||
| 2 | Stranraer | 27 | 45 | 7 | 3 | 3 | 29 | 21 | 5 | 6 | 3 | 26 | 23 | |||
| 3 | Albion Rovers | 27 | 45 | 7 | 2 | 5 | 20 | 15 | 6 | 4 | 3 | 19 | 17 | |||
| 4 | Queen's Park | 27 | 43 | 6 | 3 | 4 | 23 | 14 | 7 | 1 | 6 | 19 | 18 | |||
| 5 | Annan Athletic | 26 | 42 | 5 | 5 | 3 | 24 | 19 | 6 | 4 | 3 | 19 | 16 | |||
| 6 | 25 | 36 | 6 | 3 | 2 | 27 | 16 | 3 | 6 | 5 | 16 | 16 | ||||
| 7 | Elgin City | 26 | 35 | 7 | 1 | 5 | 25 | 22 | 3 | 4 | 6 | 15 | 26 | |||
| 8 | Montrose | 25 | 24 | 3 | 4 | 7 | 21 | 23 | 3 | 2 | 6 | 14 | 20 | |||
| 9 | 25 | 21 | 3 | 3 | 6 | 7 | 12 | 3 | 0 | 10 | 12 | 27 | ||||
| 10 | Clyde | 22 | 13 | 2 | 3 | 7 | 17 | 24 | 1 | 1 | 8 | 8 | 28 | |||