| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 28 | 55 | 9 | 2 | 2 | 26 | 14 | 8 | 2 | 5 | 38 | 31 | |||
| 2 | Albion Rovers | 29 | 49 | 7 | 3 | 5 | 21 | 16 | 7 | 4 | 3 | 25 | 18 | |||
| 3 | Annan Athletic | 28 | 48 | 6 | 5 | 3 | 26 | 20 | 7 | 4 | 3 | 24 | 17 | |||
| 4 | Stranraer | 28 | 45 | 7 | 3 | 4 | 30 | 23 | 5 | 6 | 3 | 26 | 23 | |||
| 5 | Queen's Park | 28 | 43 | 6 | 3 | 4 | 23 | 14 | 7 | 1 | 7 | 20 | 21 | |||
| 6 | 28 | 42 | 7 | 3 | 3 | 31 | 23 | 4 | 6 | 5 | 18 | 17 | ||||
| 7 | Elgin City | 28 | 38 | 7 | 1 | 6 | 26 | 24 | 4 | 4 | 6 | 17 | 27 | |||
| 8 | Montrose | 27 | 24 | 3 | 4 | 8 | 21 | 25 | 3 | 2 | 7 | 15 | 22 | |||
| 9 | 28 | 24 | 3 | 3 | 8 | 10 | 22 | 4 | 0 | 10 | 14 | 27 | ||||
| 10 | Clyde | 24 | 15 | 2 | 4 | 7 | 18 | 25 | 1 | 2 | 8 | 9 | 29 | |||