| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Peterhead | 23 | 46 | 5 | 6 | 0 | 20 | 11 | 8 | 1 | 3 | 27 | 15 | |||
| 2 | Annan Athletic | 20 | 35 | 4 | 2 | 3 | 15 | 14 | 6 | 3 | 2 | 22 | 14 | |||
| 3 | 22 | 35 | 4 | 6 | 3 | 19 | 17 | 5 | 2 | 2 | 12 | 9 | ||||
| 4 | Clyde | 22 | 33 | 4 | 3 | 3 | 13 | 13 | 5 | 3 | 4 | 11 | 13 | |||
| 5 | 24 | 31 | 6 | 2 | 5 | 24 | 18 | 2 | 5 | 4 | 11 | 10 | ||||
| 6 | Albion Rovers | 21 | 29 | 5 | 3 | 3 | 11 | 8 | 2 | 5 | 3 | 15 | 14 | |||
| 7 | Stirling Albion | 21 | 29 | 4 | 2 | 3 | 13 | 10 | 4 | 3 | 5 | 18 | 25 | |||
| 8 | Elgin City | 23 | 26 | 5 | 1 | 5 | 23 | 19 | 2 | 4 | 6 | 17 | 26 | |||
| 9 | Montrose | 23 | 25 | 3 | 3 | 5 | 14 | 17 | 3 | 4 | 5 | 14 | 16 | |||
| 10 | Queen's Park | 21 | 10 | 1 | 3 | 8 | 10 | 27 | 1 | 1 | 7 | 7 | 20 | |||