| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 29 | 63 | 10 | 3 | 1 | 27 | 10 | 9 | 3 | 3 | 24 | 20 | |||
| 2 | Queen's Park | 29 | 54 | 8 | 4 | 2 | 33 | 12 | 8 | 2 | 5 | 25 | 22 | |||
| 3 | Stranraer | 29 | 52 | 9 | 2 | 4 | 37 | 26 | 6 | 5 | 3 | 30 | 17 | |||
| 4 | Elgin City | 29 | 47 | 10 | 3 | 2 | 39 | 12 | 3 | 5 | 6 | 16 | 31 | |||
| 5 | Annan Athletic | 29 | 41 | 7 | 4 | 4 | 26 | 20 | 4 | 4 | 6 | 18 | 23 | |||
| 6 | Peterhead | 29 | 35 | 5 | 4 | 5 | 19 | 19 | 5 | 1 | 9 | 19 | 30 | |||
| 7 | 29 | 34 | 3 | 4 | 7 | 18 | 25 | 5 | 6 | 4 | 27 | 26 | ||||
| 8 | Clyde | 29 | 27 | 4 | 4 | 7 | 21 | 19 | 2 | 5 | 7 | 9 | 18 | |||
| 9 | Montrose | 29 | 26 | 4 | 3 | 7 | 23 | 29 | 3 | 2 | 10 | 20 | 37 | |||
| 10 | 29 | 21 | 4 | 4 | 7 | 22 | 27 | 1 | 2 | 11 | 11 | 41 | ||||