| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 29 | 56 | 9 | 3 | 2 | 28 | 16 | 8 | 2 | 5 | 38 | 31 | |||
| 2 | Annan Athletic | 30 | 51 | 6 | 5 | 4 | 26 | 22 | 8 | 4 | 3 | 25 | 17 | |||
| 3 | Albion Rovers | 30 | 50 | 7 | 3 | 5 | 21 | 16 | 7 | 5 | 3 | 26 | 19 | |||
| 4 | Stranraer | 30 | 47 | 7 | 3 | 4 | 30 | 23 | 5 | 8 | 3 | 31 | 28 | |||
| 5 | Queen's Park | 30 | 46 | 7 | 3 | 5 | 24 | 15 | 7 | 1 | 7 | 20 | 21 | |||
| 6 | 30 | 44 | 7 | 5 | 3 | 35 | 27 | 4 | 6 | 5 | 18 | 17 | ||||
| 7 | Elgin City | 29 | 39 | 7 | 2 | 6 | 27 | 25 | 4 | 4 | 6 | 17 | 27 | |||
| 8 | 29 | 25 | 3 | 3 | 8 | 10 | 22 | 4 | 1 | 10 | 15 | 28 | ||||
| 9 | Montrose | 29 | 24 | 3 | 4 | 8 | 21 | 25 | 3 | 2 | 9 | 15 | 25 | |||
| 10 | Clyde | 26 | 21 | 3 | 4 | 7 | 20 | 25 | 2 | 2 | 8 | 11 | 29 | |||