| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 7 | Duke Dinsmore | 69 | Brown Motor | 1948 Kurtis 2000 324/Offenhauser | 100 | 2,488 | running | 28 |
| 2 | 5 | Bill Schindler | 17 | Chapman | 1948 Kurtis 2000 323/Offenhauser | 100 | 1,763 | running | 22 |
| 3 | 10 | Henry Banks | 8 | Blue Crown Spark Plug | Moore/Offenhauser | 100 | 933 | running | 0 |
| 4 | 3 | Chuck Stevenson | 2 | Bardahl-Marchese | 1938 Marchese/Offenhauser | 100 | 674 | running | 0 |
| 5 | 6 | Fred Agabashian | 28 | Wynn's Friction Proofing | 1950 Kurtis 3000 330/Offenhauser | 100 | 622 | running | 0 |
| 6 | 8 | Mack Hellings | 15 | Carmine Tuffanelli | 1949 Kurtis 2000 005/Offenhauser | 100 | 518 | running | 0 |
| 7 | 15 | Duke Nalon | 5 | Mohawk Chieftain | Bromme/Offenhauser | 99 | 414 | running | 0 |
| 8 | 14 | Ray Knepper | 86 | Bardahl-Schoof | Wetteroth/Offenhauser | 99 | 389 | running | 0 |
| 9 | 11 | Walt Faulkner | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 98 | 363 | running | 0 |
| 10 | 12 | Cecil Green | 54 | John Zink | 1950 Kurtis 3000 332/Offenhauser | 98 | 332 | running | 0 |
| 11 | 17 | Johnnie Parsons | 63 | Esmeralda | 1948 Kurtis 2000 317/Offenhauser | 85 | 311 | radius rod | 0 |
| 12 | 4 | Troy Ruttman | 55 | Bowes Seal Fast | Lesovsky/Offenhauser | 73 | 259 | radius rod | 0 |
| 13 | 9 | Paul Russo | 7 | Russo-Nichels | 1950 Russo-Nichels/Offenhauser | 79 | 233 | torsion arm | 0 |
| 14 | 13 | Jack McGrath | 49 | Jack Hinkle | 1950 Kurtis 3000 334/Offenhauser | 60 | 207 | steering | 0 |
| 15 | 2 | Jimmy Davies | 22 | Pat Clancy | Ewing/Offenhauser | 50 | 181 | driveshaft | 40 |
| 16 | 16 | Neal Carter | 24 | Dick Palmer | 1934 Marks/Offenhauser | 40 | 156 | did not finish | 0 |
| 17 | 1 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 10 | 103 | accident | 10 |
| 18 | 18 | Lew Florence | 62 | Johnny Koehnle | Wayne | 3 | 103 | did not finish | 0 |