| Final Ranking | p | _w_ | _d_ | _l_ | gf | ga | g+- | | 1. Argentina | 10 | 5 | 0 | 0 | 17: | 3 | +14 | | 2. Brazil | 7 | 3 | 1 | 1 | 13: | 7 | +6 | | 3. Paraguay | 5 | 2 | 1 | 2 | 8: | 8 | 0 | | 4. Uruguay | 4 | 2 | 0 | 3 | 11: | 9 | +2 | | 5. Chile | 4 | 2 | 0 | 3 | 8: | 11 | -3 | | 6. Bolivia | 0 | 0 | 0 | 5 | 4: | 23 | -19 |
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| Team | Arge | Braz | Para | Urug | Chil | Boli | | Argentina | --- | 2:0 | 2:0 | 3:1 | 3:1 | 7:1 | | Brazil | | --- | 1:1 | 4:3 | 5:1 | 3:0 | | Paraguay | | | --- | 2:1 | | 4:2 | | Uruguay | | | | --- | 1:0 | 5:0 | | Chile | | | 2:1 | | --- | 4:1 | | Bolivia | | | | | | --- |
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| date | team 1 _________ | score | team 2 _________ | HT | | Sat 12.01.46 |  Argentina | 2-0 |  Paraguay | | | Wed 16.01.46 |  Brazil | 3-0 |  Bolivia | | | Wed 16.01.46 |  Uruguay | 1-0 |  Chile | | | Sat 19.01.46 | Argentina | 7-1 | Bolivia | | | Sat 19.01.46 | Chile | 2-1 | Paraguay | | | Wed 23.01.46 | Brazil | 4-3 | Uruguay | | | Sat 26.01.46 | Argentina | 3-1 | Chile | | | Sat 26.01.46 | Paraguay | 4-2 | Bolivia | | | Tue 29.01.46 | Brazil | 1-1 | Paraguay | | | Tue 29.01.46 | Uruguay | 5-0 | Bolivia | | | Sat 02.02.46 | Argentina | 3-1 | Uruguay | | | Sat 02.02.46 | Brazil | 5-1 | Chile | | | Fri 08.02.46 | Paraguay | 2-1 | Uruguay | | | Fri 08.02.46 | Chile | 4-1 | Bolivia | | | Sun 10.02.46 | Argentina | 2-0 | Brazil | |
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