| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 21 | 45 | 7 | 3 | 0 | 18 | 7 | 6 | 3 | 2 | 19 | 15 | |||
| 2 | Stranraer | 22 | 41 | 7 | 2 | 3 | 32 | 22 | 5 | 3 | 2 | 22 | 10 | |||
| 3 | Annan Athletic | 21 | 35 | 7 | 3 | 2 | 23 | 14 | 3 | 2 | 4 | 11 | 14 | |||
| 4 | Queen's Park | 20 | 34 | 5 | 3 | 1 | 19 | 6 | 5 | 1 | 5 | 17 | 19 | |||
| 5 | Elgin City | 19 | 28 | 7 | 1 | 1 | 24 | 7 | 1 | 3 | 6 | 8 | 25 | |||
| 6 | 20 | 25 | 3 | 4 | 3 | 16 | 15 | 3 | 3 | 4 | 18 | 20 | ||||
| 7 | Peterhead | 20 | 22 | 4 | 3 | 4 | 15 | 15 | 2 | 1 | 6 | 8 | 13 | |||
| 8 | Clyde | 20 | 21 | 3 | 2 | 5 | 13 | 12 | 2 | 4 | 4 | 8 | 12 | |||
| 9 | Montrose | 21 | 21 | 4 | 1 | 4 | 18 | 20 | 2 | 2 | 8 | 17 | 28 | |||
| 10 | 22 | 13 | 3 | 2 | 6 | 11 | 18 | 0 | 2 | 9 | 8 | 33 | ||||