Saturday 23 April 1938 at Ayresome Park (Att 24,100)

Middlesbrough (0) 0: Cumming, Laking, Stuart, Brown, Baxter, Forrest, Birkett, Mannion, Camsell, Yorston, Cochrane.
Wolves (3) 3 (Maguire 4, Dorsett 34, Westcott 38): Scott, Morris, J Taylor, Galley, Cullis, Gardiner, Maguire, McIntosh, Westcott, Jones, Dorsett.

Referee: Mr T Bentley (Chorlton-cum-Hardy).
Position: 2nd.