| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 26 | 54 | 9 | 3 | 1 | 22 | 9 | 7 | 3 | 3 | 21 | 19 | |||
| 2 | Stranraer | 26 | 46 | 8 | 2 | 3 | 33 | 22 | 5 | 5 | 3 | 27 | 16 | |||
| 3 | Queen's Park | 25 | 44 | 7 | 4 | 2 | 30 | 12 | 6 | 1 | 5 | 19 | 20 | |||
| 4 | Elgin City | 24 | 41 | 9 | 1 | 1 | 33 | 8 | 3 | 4 | 6 | 14 | 29 | |||
| 5 | Annan Athletic | 25 | 40 | 7 | 4 | 2 | 24 | 15 | 4 | 3 | 5 | 17 | 19 | |||
| 6 | 25 | 30 | 3 | 4 | 5 | 17 | 20 | 4 | 5 | 4 | 23 | 24 | ||||
| 7 | Peterhead | 25 | 29 | 5 | 4 | 4 | 19 | 18 | 3 | 1 | 8 | 13 | 23 | |||
| 8 | Clyde | 25 | 25 | 4 | 3 | 6 | 19 | 16 | 2 | 4 | 6 | 8 | 14 | |||
| 9 | Montrose | 25 | 22 | 4 | 2 | 6 | 22 | 27 | 2 | 2 | 9 | 17 | 33 | |||
| 10 | 26 | 17 | 3 | 3 | 7 | 14 | 22 | 1 | 2 | 10 | 10 | 36 | ||||