| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stranraer | 12 | 25 | 4 | 0 | 1 | 11 | 6 | 3 | 4 | 0 | 15 | 11 | |||
| 2 | Albion Rovers | 11 | 23 | 5 | 1 | 0 | 14 | 6 | 2 | 1 | 2 | 8 | 9 | |||
| 3 | Annan Athletic | 11 | 19 | 3 | 2 | 1 | 13 | 8 | 2 | 2 | 1 | 7 | 5 | |||
| 4 | 11 | 18 | 2 | 3 | 0 | 15 | 8 | 2 | 3 | 1 | 11 | 7 | ||||
| 5 | Elgin City | 12 | 16 | 4 | 0 | 3 | 15 | 13 | 1 | 1 | 3 | 6 | 12 | |||
| 6 | Arbroath | 11 | 16 | 4 | 1 | 1 | 10 | 7 | 1 | 0 | 4 | 9 | 19 | |||
| 7 | Montrose | 12 | 13 | 2 | 3 | 2 | 17 | 10 | 1 | 1 | 3 | 8 | 11 | |||
| 8 | 11 | 11 | 1 | 2 | 1 | 2 | 2 | 2 | 0 | 5 | 5 | 11 | ||||
| 9 | Queen's Park | 12 | 10 | 2 | 0 | 3 | 8 | 8 | 1 | 1 | 5 | 7 | 12 | |||
| 10 | Clyde | 11 | 6 | 0 | 2 | 4 | 6 | 13 | 1 | 1 | 3 | 5 | 14 | |||