| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 24 | 44 | 7 | 3 | 2 | 28 | 18 | 5 | 5 | 2 | 22 | 18 | |||
| 2 | Arbroath | 23 | 42 | 7 | 2 | 2 | 22 | 12 | 6 | 1 | 5 | 30 | 28 | |||
| 3 | Albion Rovers | 24 | 39 | 7 | 2 | 4 | 20 | 13 | 4 | 4 | 3 | 14 | 16 | |||
| 4 | Queen's Park | 24 | 36 | 5 | 2 | 4 | 16 | 11 | 6 | 1 | 6 | 16 | 16 | |||
| 5 | Annan Athletic | 23 | 36 | 4 | 5 | 3 | 22 | 18 | 5 | 4 | 2 | 15 | 12 | |||
| 6 | Elgin City | 24 | 35 | 7 | 1 | 4 | 23 | 19 | 3 | 4 | 5 | 15 | 22 | |||
| 7 | 22 | 30 | 4 | 3 | 2 | 20 | 16 | 3 | 6 | 4 | 15 | 14 | ||||
| 8 | Montrose | 23 | 21 | 3 | 4 | 6 | 21 | 21 | 2 | 2 | 6 | 12 | 19 | |||
| 9 | 23 | 21 | 3 | 3 | 5 | 6 | 10 | 3 | 0 | 9 | 12 | 24 | ||||
| 10 | Clyde | 20 | 13 | 2 | 3 | 6 | 15 | 21 | 1 | 1 | 7 | 8 | 24 | |||