| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 21 | 39 | 6 | 2 | 2 | 20 | 12 | 6 | 1 | 4 | 28 | 25 | |||
| 2 | Stranraer | 21 | 38 | 5 | 3 | 2 | 21 | 16 | 5 | 5 | 1 | 20 | 14 | |||
| 3 | Albion Rovers | 22 | 38 | 7 | 2 | 3 | 20 | 12 | 4 | 3 | 3 | 14 | 16 | |||
| 4 | Queen's Park | 23 | 33 | 5 | 2 | 4 | 16 | 11 | 5 | 1 | 6 | 14 | 16 | |||
| 5 | Annan Athletic | 21 | 32 | 3 | 4 | 3 | 19 | 16 | 5 | 4 | 2 | 15 | 12 | |||
| 6 | Elgin City | 22 | 32 | 6 | 1 | 4 | 20 | 17 | 3 | 4 | 4 | 15 | 20 | |||
| 7 | 20 | 26 | 4 | 3 | 2 | 20 | 16 | 2 | 5 | 4 | 13 | 13 | ||||
| 8 | Montrose | 22 | 21 | 3 | 4 | 5 | 21 | 19 | 2 | 2 | 6 | 12 | 19 | |||
| 9 | 20 | 20 | 3 | 2 | 5 | 6 | 10 | 3 | 0 | 7 | 10 | 18 | ||||
| 10 | Clyde | 18 | 10 | 1 | 3 | 6 | 11 | 19 | 1 | 1 | 6 | 7 | 21 | |||