| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Arbroath | 31 | 59 | 9 | 3 | 2 | 28 | 16 | 9 | 2 | 6 | 41 | 34 | |||
| 2 | Annan Athletic | 32 | 55 | 7 | 5 | 4 | 27 | 22 | 8 | 5 | 3 | 25 | 17 | |||
| 3 | Albion Rovers | 32 | 54 | 8 | 4 | 5 | 24 | 16 | 7 | 5 | 3 | 26 | 19 | |||
| 4 | Stranraer | 32 | 53 | 9 | 3 | 4 | 35 | 24 | 5 | 8 | 3 | 31 | 28 | |||
| 5 | Queen's Park | 32 | 49 | 8 | 3 | 5 | 25 | 15 | 7 | 1 | 8 | 22 | 24 | |||
| 6 | 32 | 44 | 7 | 5 | 4 | 35 | 28 | 4 | 6 | 6 | 19 | 20 | ||||
| 7 | Elgin City | 31 | 39 | 7 | 2 | 6 | 27 | 25 | 4 | 4 | 8 | 17 | 29 | |||
| 8 | Montrose | 32 | 31 | 4 | 4 | 8 | 22 | 25 | 4 | 3 | 9 | 17 | 26 | |||
| 9 | 31 | 28 | 4 | 3 | 8 | 13 | 24 | 4 | 1 | 11 | 15 | 30 | ||||
| 10 | Clyde | 29 | 22 | 3 | 5 | 8 | 21 | 29 | 2 | 2 | 9 | 11 | 30 | |||