| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 7 | Lee Wallard | 12 | Iddings | 1936 Meyer/Offenhauser | 100 | 2,500 | running | 68 |
| 2 | 6 | Myron Fohr | 32 | Carl Marchese | Marchese/Offenhauser | 100 | 1,800 | running | 0 |
| 3 | 3 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 100 | 1,000 | running | 0 |
| 4 | 9 | Charles Van Acker | 4 | Redmer | Stevens/Offenhauser | 100 | 700 | running | 0 |
| 5 | 11 | Bill Sheffler | 53 | Sheffler | Bromme/Offenhauser | 100 | 600 | running | 0 |
| 6 | 12 | Hal Robson | 26 | Ross Page | 1946 Kurtis | 100 | 500 | running | 0 |
| 7 | 15 | Bill Cantrell | 64 | Dick Palmer | 1934 Marks/Offenhauser | 100 | 400 | running | 0 |
| 8 | 10 | Emil Andres | 27 | Corley | Offenhauser | 100 | 400 | running | 0 |
| 9 | 18 | Duke Dinsmore Floyd Davis | 17 | Ralph Miller | Ralph Miller SC | 100 | 300 | running | 0 |
| 10 | 2 | Tony Bettenhausen | 16 | Murrell Belanger | 1934 Adams/Offenhauser | 100 | 300 | running | 1 |
| 11 | 8 | Johnnie Parsons | 7 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 87 | 250 | did not finish | 0 |
| 12 | 16 | Charlie Rogers | 71 | Taylor HAL | Hal | 82 | 250 | did not finish | 0 |
| 13 | 17 | Duke Dinsmore | 38 | Terman's Supply | Wetteroth/Offenhauser | 75 | 200 | did not finish | 0 |
| 14 | 14 | Steve Truchan | 18 | Truchan | Offenhauser | 70 | 200 | did not finish | 0 |
| 15 | 13 | George Lynch | 89 | Jewell | Offenhauser | 50 | 200 | did not finish | 0 |
| 16 | 5 | Mel Hansen | 45 | Speedway Cocktail | Lencki/Lencki | 32 | 200 | connecting rod | 31 |
| 17 | 1 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 5 | 100 | connecting rod | 0 |
| 18 | 4 | Paul Russo | 49 | Norm Olson | Olson/Offenhauser | 1 | 100 | clutch | 0 |
| Spider Webb | 51 | Bob Estes | Bromme/Offenhauser | 0 | did not qualify | 0 | |||
| Johnny Byrne | 48 | Johnston | Offenhauser | 0 | did not qualify | 0 |