| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 33 | 58 | 10 | 2 | 4 | 26 | 18 | 7 | 5 | 5 | 28 | 23 | |||
| 2 | Alloa Athletic | 33 | 56 | 8 | 6 | 2 | 34 | 16 | 7 | 5 | 5 | 20 | 16 | |||
| 3 | Forfar Athletic | 32 | 49 | 8 | 3 | 6 | 25 | 22 | 6 | 4 | 5 | 22 | 20 | |||
| 4 | 33 | 48 | 7 | 4 | 5 | 23 | 21 | 6 | 5 | 6 | 19 | 20 | ||||
| 5 | 33 | 45 | 8 | 5 | 4 | 24 | 15 | 4 | 4 | 8 | 21 | 24 | ||||
| 6 | Cowdenbeath | 33 | 40 | 4 | 7 | 5 | 24 | 26 | 6 | 3 | 8 | 22 | 22 | |||
| 7 | Stranraer | 33 | 40 | 6 | 5 | 6 | 26 | 25 | 3 | 8 | 5 | 20 | 25 | |||
| 8 | 33 | 40 | 5 | 4 | 8 | 18 | 28 | 5 | 6 | 5 | 22 | 22 | ||||
| 9 | Stenhousemuir | 33 | 35 | 3 | 7 | 6 | 13 | 22 | 5 | 4 | 8 | 18 | 31 | |||
| 10 | Greenock Morton | 32 | 31 | 3 | 7 | 6 | 19 | 24 | 3 | 6 | 7 | 25 | 29 | |||