| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 6 | Johnnie Parsons | 12 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 95 | 2,143 | running | 42 |
| 2 | 1 | Rex Mays | 15 | Wolfe | 1948 Kurtis 2000 323/Offenhauser | 1,643 | running | 0 | |
| 3 | 7 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 857 | running | 0 | |
| 4 | 5 | Myron Fohr | 2 | Carl Marchese | Marchese/Offenhauser | 1,600 | running | 0 | |
| 5 | 11 | Frank Burany | 22 | Schoof | Offenhauser | 514 | running | 0 | |
| 6 | 10 | Milt Fankhauser | 23 | Fankhauser | 1930 Miller M183 1/Offenhauser | 429 | running | 0 | |
| 7 | 2 | Johnny McDowell | 66 | Iddings | Offenhauser | 343 | running | 4 | |
| 8 | 3 | Troy Ruttman | 64 | Ray Carter | Wetteroth/Offenhauser | 73 | 343 | steering | 49 |
| 9 | 8 | Bayliss Levrett | 14 | Levrett | Offenhauser | 257 | running | 0 | |
| 10 | 9 | Jimmy Davies | 27 | Grant Piston Ring | Offenhauser | 257 | running | 0 | |
| 11 | 4 | Bill Sheffler | 4 | Sheffler | Bromme/Offenhauser | 25 | 214 | mechanical | 0 |