| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 33 | 63 | 10 | 4 | 2 | 32 | 18 | 9 | 2 | 6 | 41 | 34 | |||
| 2 | Albion Rovers | 33 | 57 | 8 | 4 | 5 | 24 | 16 | 8 | 5 | 3 | 28 | 20 | |||
| 3 | Annan Athletic | 33 | 55 | 7 | 5 | 5 | 29 | 25 | 8 | 5 | 3 | 25 | 17 | |||
| 4 | Stranraer | 33 | 53 | 9 | 3 | 4 | 35 | 24 | 5 | 8 | 4 | 33 | 31 | |||
| 5 | Queen's Park | 33 | 50 | 8 | 3 | 5 | 25 | 15 | 7 | 2 | 8 | 24 | 26 | |||
| 6 | 33 | 47 | 7 | 5 | 4 | 35 | 28 | 5 | 6 | 6 | 22 | 22 | ||||
| 7 | Elgin City | 32 | 39 | 7 | 2 | 7 | 27 | 26 | 4 | 4 | 8 | 17 | 29 | |||
| 8 | Montrose | 33 | 34 | 5 | 4 | 8 | 25 | 27 | 4 | 3 | 9 | 17 | 26 | |||
| 9 | Clyde | 32 | 28 | 4 | 5 | 8 | 23 | 29 | 3 | 2 | 10 | 12 | 32 | |||
| 10 | 33 | 28 | 4 | 3 | 9 | 14 | 26 | 4 | 1 | 12 | 15 | 32 | ||||