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| 26/09/1948 | Hajduk Split | - | FK Naša Krila | 1:1 | ||
| Sloga Novi Sad | - | ASD Ponziana | 0:0 | |||
| Crvena Zvezda | - | Budućnost Titograd | 1:1 | |||
| Partizan | - | Lokomotiva Zagreb | 2:0 | |||
| Dinamo Zagreb | - | Metalac Beograd | 2:2 |
| » Tables | Home | Away | First round | Second round |
| # | Team | M. | W | D | L | goals | Dif. | Pt. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Hajduk Split | 3 | 2 | 1 | 0 | 9:3 | 6 | 5:1 |
| 2 |
|
Crvena Zvezda | 3 | 2 | 1 | 0 | 5:3 | 2 | 5:1 |
| 3 |
|
Metalac Beograd | 3 | 1 | 2 | 0 | 9:2 | 7 | 4:2 |
| 4 |
|
Partizan | 3 | 2 | 0 | 1 | 7:3 | 4 | 4:2 |
| 5 |
|
FK Naša Krila | 3 | 1 | 2 | 0 | 3:1 | 2 | 4:2 |
| 6 |
|
Dinamo Zagreb | 3 | 1 | 1 | 1 | 4:5 | -1 | 3:3 |
| 7 |
|
Lokomotiva Zagreb | 3 | 1 | 0 | 2 | 5:4 | 1 | 2:4 |
| 8 |
|
Sloga Novi Sad | 3 | 0 | 1 | 2 | 1:5 | -4 | 1:5 |
| 9 |
|
ASD Ponziana | 3 | 0 | 1 | 2 | 1:8 | -7 | 1:5 |
| 10 |
|
Budućnost Titograd | 3 | 0 | 1 | 2 | 3:13 | -10 | 1:5 |
