| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 31 | 69 | 11 | 3 | 1 | 31 | 10 | 10 | 3 | 3 | 26 | 20 | |||
| 2 | Stranraer | 31 | 58 | 10 | 2 | 4 | 41 | 27 | 7 | 5 | 3 | 32 | 18 | |||
| 3 | Queen's Park | 31 | 54 | 8 | 4 | 3 | 33 | 13 | 8 | 2 | 6 | 25 | 26 | |||
| 4 | Elgin City | 31 | 50 | 10 | 3 | 3 | 40 | 14 | 4 | 5 | 6 | 18 | 31 | |||
| 5 | Annan Athletic | 31 | 44 | 7 | 4 | 5 | 27 | 22 | 5 | 4 | 6 | 22 | 23 | |||
| 6 | 31 | 40 | 4 | 4 | 7 | 21 | 25 | 6 | 6 | 4 | 29 | 27 | ||||
| 7 | Peterhead | 31 | 38 | 5 | 4 | 6 | 20 | 21 | 6 | 1 | 9 | 20 | 30 | |||
| 8 | Montrose | 31 | 29 | 4 | 3 | 8 | 23 | 31 | 4 | 2 | 10 | 22 | 38 | |||
| 9 | Clyde | 31 | 27 | 4 | 4 | 8 | 21 | 21 | 2 | 5 | 8 | 9 | 21 | |||
| 10 | 31 | 21 | 4 | 4 | 8 | 22 | 31 | 1 | 2 | 12 | 12 | 45 | ||||