| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 10 | Johnnie Parsons | 12 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 100 | 3,243 | running | 14 |
| 2 | 3 | Paul Russo | 24 | Pritchard | Offenhauser | 100 | 2,335 | running | 51 |
| 3 | 1 | Spider Webb | 55 | Bowes Seal Fast | Offenhauser | 100 | 1,297 | running | 0 |
| 4 | 4 | Walt Brown | 18 | Carmine Tuffanelli | 1949 Kurtis 2000 009/Offenhauser | 99 | 908 | running | 0 |
| 5 | 8 | George Connor | 22 | Grancor | Bromme/Offenhauser | 99 | 778 | running | 0 |
| 6 | 6 | Myron Fohr | 2 | Carl Marchese | Marchese/Offenhauser | 98 | 649 | running | 0 |
| 7 | 11 | Duane Carter | 14 | Neal's Rest | 1948 Kurtis 2000 322/Offenhauser | 97 | 519 | running | 0 |
| 8 | 9 | Jimmy Davies | 57 | Pat Clancy | Offenhauser | 97 | 519 | running | 0 |
| 9 | 12 | Ottis Stine Tony Bettenhausen | 45 | Speedway Cocktail | Lencki | 93 | 389 | running | 0 |
| 10 | 13 | Emil Andres Tommy Hinnershitz | 7 | Milt Marion | Offenhauser | 93 | 389 | running | 0 |
| 11 | 7 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 92 | 324 | running | 0 |
| 12 | 14 | Hank Rogers | 93 | Scopa | Offenhauser | 91 | 324 | running | 0 |
| 13 | 15 | Buster Warke | 54 | Pew | Offenhauser | 88 | 260 | did not finish | 0 |
| 14 | 16 | Milt Fankhauser | 72 | Karl Hall | Offenhauser | 82 | 259 | did not finish | 0 |
| 15 | 2 | Rex Mays | 15 | Wolfe | 1948 Kurtis 2000 323/Offenhauser | 73 | 259 | did not finish | 35 |
| 16 | 5 | Lee Wallard | 6 | Iddings | Offenhauser | 68 | 259 | did not finish | 0 |
| 17 | 17 | George Fonder | Ray Brady | 44 | 130 | did not finish | 0 | ||
| 18 | 18 | Mark Light | Johnstone | Offenhauser | 44 | 130 | did not finish | 0 | |
| Ottis Stine | 21 | Offenhauser | 0 | did not qualify | 0 | ||||
| George Weaver | 94 | Offenhauser | 0 | did not qualify | 0 |