| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Alloa Athletic | 27 | 57 | 9 | 3 | 1 | 22 | 9 | 8 | 3 | 3 | 23 | 20 | |||
| 2 | Queen's Park | 27 | 48 | 7 | 4 | 2 | 30 | 12 | 7 | 2 | 5 | 21 | 21 | |||
| 3 | Stranraer | 27 | 46 | 8 | 2 | 4 | 34 | 25 | 5 | 5 | 3 | 27 | 16 | |||
| 4 | Elgin City | 27 | 46 | 10 | 3 | 1 | 38 | 10 | 3 | 4 | 6 | 14 | 29 | |||
| 5 | Annan Athletic | 27 | 40 | 7 | 4 | 3 | 25 | 17 | 4 | 3 | 6 | 17 | 22 | |||
| 6 | 27 | 33 | 3 | 4 | 6 | 17 | 21 | 5 | 5 | 4 | 26 | 25 | ||||
| 7 | Peterhead | 27 | 32 | 5 | 4 | 4 | 19 | 18 | 4 | 1 | 9 | 17 | 29 | |||
| 8 | Clyde | 27 | 26 | 4 | 3 | 7 | 20 | 18 | 2 | 5 | 6 | 9 | 15 | |||
| 9 | Montrose | 27 | 25 | 4 | 2 | 7 | 22 | 28 | 3 | 2 | 9 | 19 | 34 | |||
| 10 | 27 | 20 | 4 | 3 | 7 | 20 | 25 | 1 | 2 | 10 | 10 | 36 | ||||