| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 36 | 66 | 11 | 4 | 3 | 39 | 24 | 9 | 2 | 7 | 41 | 37 | |||
| 2 | Albion Rovers | 36 | 61 | 9 | 4 | 5 | 25 | 16 | 8 | 6 | 4 | 31 | 24 | |||
| 3 | Queen's Park | 36 | 59 | 10 | 3 | 5 | 31 | 17 | 8 | 2 | 8 | 26 | 26 | |||
| 4 | Annan Athletic | 36 | 59 | 8 | 5 | 5 | 32 | 25 | 8 | 6 | 4 | 26 | 20 | |||
| 5 | Stranraer | 36 | 57 | 10 | 4 | 4 | 39 | 25 | 5 | 8 | 5 | 33 | 32 | |||
| 6 | 36 | 49 | 7 | 7 | 4 | 38 | 31 | 5 | 6 | 7 | 24 | 25 | ||||
| 7 | Elgin City | 36 | 45 | 8 | 2 | 8 | 30 | 29 | 5 | 4 | 9 | 23 | 34 | |||
| 8 | Montrose | 36 | 37 | 6 | 4 | 8 | 28 | 27 | 4 | 3 | 11 | 19 | 34 | |||
| 9 | 36 | 34 | 6 | 3 | 9 | 18 | 27 | 4 | 1 | 13 | 15 | 35 | ||||
| 10 | Clyde | 36 | 32 | 4 | 5 | 9 | 23 | 31 | 4 | 3 | 11 | 14 | 36 | |||