| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 34 | 61 | 11 | 2 | 4 | 29 | 19 | 7 | 5 | 5 | 28 | 23 | |||
| 2 | Alloa Athletic | 34 | 57 | 8 | 7 | 2 | 35 | 17 | 7 | 5 | 5 | 20 | 16 | |||
| 3 | Forfar Athletic | 34 | 52 | 8 | 3 | 6 | 25 | 22 | 7 | 4 | 6 | 26 | 22 | |||
| 4 | 34 | 51 | 8 | 4 | 5 | 24 | 21 | 6 | 5 | 6 | 19 | 20 | ||||
| 5 | 34 | 45 | 8 | 5 | 4 | 24 | 15 | 4 | 4 | 9 | 22 | 27 | ||||
| 6 | Cowdenbeath | 34 | 41 | 4 | 8 | 5 | 25 | 27 | 6 | 3 | 8 | 22 | 22 | |||
| 7 | Stranraer | 34 | 41 | 6 | 5 | 6 | 26 | 25 | 3 | 9 | 5 | 21 | 26 | |||
| 8 | 34 | 41 | 5 | 4 | 8 | 18 | 28 | 5 | 7 | 5 | 23 | 23 | ||||
| 9 | Stenhousemuir | 34 | 35 | 3 | 7 | 7 | 15 | 25 | 5 | 4 | 8 | 18 | 31 | |||
| 10 | Greenock Morton | 34 | 34 | 3 | 7 | 7 | 20 | 28 | 4 | 6 | 7 | 28 | 31 | |||