Saturday 30 October 1954 at St James Park (Att 49,279)

Newcastle United (1) 2 (Milburn 28 81): Thompson, Cowell, McMichael, Scoular, Paterson, Crowe, Milburn, Broadis, White, Curry, Mitchell.
Wolves (2) 3 (Smith 7, Wilshaw 15, Swinbourne 89): Williams, Stuart, Shorthouse, Slater, Wright, Flowers, Hancocks, Broadbent, Swinbourne, Wilshaw, Smith.

Referee: Mr G Gibson (Manchester).
Order of Goals: W,W,n,n,W.
Landmark: Both Peter Broadbent and Bill Slater make their 100th League appearance.
Position: 1st.