| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 34 | 75 | 13 | 3 | 1 | 42 | 12 | 10 | 3 | 4 | 26 | 25 | |||
| 2 | Queen's Park | 34 | 60 | 10 | 4 | 3 | 40 | 14 | 8 | 2 | 7 | 26 | 29 | |||
| 3 | Stranraer | 34 | 58 | 10 | 2 | 5 | 41 | 30 | 7 | 5 | 5 | 34 | 23 | |||
| 4 | Elgin City | 34 | 51 | 10 | 3 | 4 | 41 | 16 | 4 | 6 | 7 | 22 | 42 | |||
| 5 | Annan Athletic | 34 | 48 | 7 | 5 | 5 | 28 | 23 | 6 | 4 | 7 | 24 | 26 | |||
| 6 | 34 | 45 | 5 | 5 | 7 | 29 | 28 | 6 | 7 | 4 | 30 | 28 | ||||
| 7 | Peterhead | 34 | 45 | 6 | 5 | 6 | 23 | 23 | 7 | 1 | 9 | 23 | 30 | |||
| 8 | Montrose | 34 | 35 | 6 | 3 | 8 | 29 | 33 | 4 | 2 | 11 | 23 | 40 | |||
| 9 | Clyde | 34 | 34 | 5 | 4 | 8 | 23 | 22 | 3 | 6 | 8 | 11 | 22 | |||
| 10 | 34 | 21 | 4 | 4 | 9 | 22 | 32 | 1 | 2 | 14 | 14 | 53 | ||||