Thursday 1 January 1948 at Ayresome Park (Att 37,320)

Middlesbrough (2) 2 (Walker 5, Fenton 13): Goodfellow, N Robinson, R Robinson, Bell, Whitaker, Gordon, Spuhler, McCormack, Fenton, Mannion, G Walker.
Wolves (3) 4 (Westcott 16 24 89, Hancocks 42): Williams, Kelly, McLean, Crook, Shorthouse, Wright, Hancocks, Dunn, Westcott, Stevenson, Mullen.

Referee: Mr H Jackson (Leeds).
Order of Goals: m,m,W,W,W,W.
Penalty: Wilf Mannion put penalty wide for Middlesbrough six minutes from time.
Landmark: Ernie Stevenson makes his League debut.
Position: 4th.