| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Annan Athletic | 16 | 31 | 6 | 2 | 1 | 18 | 9 | 3 | 2 | 2 | 9 | 9 | |||
| 2 | Stranraer | 16 | 30 | 5 | 2 | 2 | 23 | 14 | 4 | 1 | 2 | 16 | 6 | |||
| 3 | Alloa Athletic | 16 | 30 | 4 | 3 | 0 | 12 | 7 | 4 | 3 | 2 | 12 | 14 | |||
| 4 | Queen's Park | 16 | 25 | 4 | 3 | 1 | 13 | 6 | 3 | 1 | 4 | 11 | 14 | |||
| 5 | 17 | 23 | 3 | 2 | 3 | 12 | 11 | 3 | 3 | 3 | 18 | 16 | ||||
| 6 | Elgin City | 13 | 22 | 5 | 1 | 1 | 17 | 6 | 1 | 3 | 2 | 6 | 8 | |||
| 7 | Clyde | 15 | 20 | 3 | 1 | 3 | 11 | 8 | 2 | 4 | 2 | 8 | 7 | |||
| 8 | Montrose | 15 | 14 | 3 | 1 | 3 | 13 | 17 | 1 | 1 | 6 | 11 | 19 | |||
| 9 | Peterhead | 15 | 10 | 1 | 3 | 3 | 7 | 11 | 1 | 1 | 6 | 7 | 13 | |||
| 10 | 17 | 9 | 2 | 2 | 5 | 7 | 14 | 0 | 1 | 7 | 5 | 27 | ||||