| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 17 | 31 | 5 | 2 | 1 | 16 | 10 | 3 | 5 | 1 | 16 | 13 | |||
| 2 | Arbroath | 16 | 29 | 5 | 2 | 1 | 14 | 7 | 4 | 0 | 4 | 21 | 20 | |||
| 3 | Elgin City | 18 | 28 | 5 | 1 | 3 | 19 | 16 | 3 | 3 | 3 | 12 | 15 | |||
| 4 | Albion Rovers | 15 | 27 | 5 | 1 | 2 | 15 | 10 | 3 | 2 | 2 | 11 | 11 | |||
| 5 | Annan Athletic | 14 | 24 | 3 | 3 | 1 | 15 | 10 | 3 | 3 | 1 | 10 | 7 | |||
| 6 | 15 | 22 | 3 | 3 | 1 | 17 | 13 | 2 | 4 | 2 | 12 | 9 | ||||
| 7 | Queen's Park | 17 | 17 | 3 | 1 | 4 | 10 | 10 | 2 | 1 | 6 | 10 | 15 | |||
| 8 | Montrose | 17 | 16 | 2 | 3 | 5 | 17 | 17 | 2 | 1 | 4 | 10 | 15 | |||
| 9 | 14 | 14 | 2 | 2 | 3 | 5 | 7 | 2 | 0 | 5 | 5 | 11 | ||||
| 10 | Clyde | 13 | 6 | 0 | 2 | 4 | 6 | 13 | 1 | 1 | 5 | 6 | 18 | |||