| Home | Away | |||||||||||||
| P | W | D | L | F | A | W | D | L | F | A | GD | Pt | ||
| 1 | Queen's Park | 72 | 15 | 11 | 10 | 68 | 44 | 20 | 3 | 13 | 62 | 58 | +28 | 119 |
| 2 | Peterhead | 72 | 16 | 10 | 10 | 51 | 34 | 16 | 4 | 16 | 52 | 47 | +22 | 110 |
| 3 | Elgin City | 72 | 20 | 4 | 12 | 84 | 57 | 9 | 15 | 12 | 51 | 72 | +6 | 106 |
| 4 | Berwick Rangers | 72 | 16 | 9 | 11 | 64 | 49 | 10 | 10 | 16 | 56 | 64 | +7 | 97 |
| 5 | Annan Athletic | 72 | 14 | 10 | 12 | 59 | 52 | 10 | 10 | 16 | 48 | 66 | -11 | 92 |
| 6 | Montrose | 72 | 13 | 10 | 13 | 68 | 65 | 10 | 6 | 20 | 50 | 78 | -25 | 85 |
| 7 | Rangers | 36 | 13 | 3 | 2 | 44 | 12 | 12 | 5 | 1 | 43 | 17 | +58 | 83 |
| 8 | Alloa Athletic | 36 | 13 | 4 | 1 | 43 | 13 | 10 | 4 | 4 | 27 | 26 | +31 | 77 |
| 9 | Clyde | 72 | 13 | 7 | 16 | 49 | 52 | 7 | 8 | 21 | 28 | 64 | -39 | 75 |
| 10 | Stranraer | 36 | 10 | 2 | 6 | 43 | 33 | 7 | 5 | 6 | 34 | 24 | +20 | 58 |
| 11 | East Stirlingshire | 72 | 10 | 7 | 19 | 52 | 72 | 4 | 4 | 28 | 35 | 113 | -98 | 53 |
| 12 | Stirling Albion | 36 | 9 | 3 | 6 | 38 | 24 | 3 | 6 | 9 | 21 | 34 | +1 | 45 |
Points based on points system that applied at the time
Goal difference then goals scored applies when teams are level on points










