| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Forfar Athletic | 36 | 80 | +34 | 25 | 5 | 6 | 67 | 33 |
| 2 | Montrose | 36 | 67 | +37 | 20 | 7 | 9 | 69 | 32 |
| 3 | Ross County | 36 | 60 | +15 | 18 | 6 | 12 | 59 | 44 |
| 4 | 36 | 59 | +11 | 18 | 5 | 13 | 61 | 50 | |
| 5 | Alloa Athletic | 36 | 54 | +5 | 15 | 9 | 12 | 50 | 45 |
| 6 | Caledonian Thistle | 36 | 45 | -13 | 12 | 9 | 15 | 48 | 61 |
| 7 | Arbroath | 36 | 44 | -11 | 13 | 5 | 18 | 51 | 62 |
| 8 | Queen's Park | 36 | 42 | -11 | 12 | 6 | 18 | 46 | 57 |
| 9 | Cowdenbeath | 36 | 40 | -12 | 11 | 7 | 18 | 48 | 60 |
| 10 | Albion Rovers | 36 | 18 | -55 | 5 | 3 | 28 | 27 | 82 |