Saturday 16 October 1948 at St James Park (Att 60,958)

Newcastle United (1) 3 (Milburn 15 80, McLean 88og): Fairbrother, Cowell, Batty, Harvey, Brennan, Dodgin, Sibley, Gibson, Milburn, Taylor, Heir.
Wolves (1) 1 (Smyth 22): Williams, McLean, Pritchard, W Crook, Shorthouse, Wright, Hancocks, Smyth, Pye, Forbes, Mullen.

Referee: Mr T Seymour (Wakefield).
Order of Goals: n,W,n,n.
Position: 14th.