| 80 (52 to -5) Panama 1(1) - 2(2) Salvador (-108 to -51) 80: 22FEB1938 |
| 80 (-12 to 52) Panama 3(2) - 2(2) Mexico (223 to 180) 54: 19FEB1938 |
| 120 (12 to -12) Panama 0(0) - 11(11) Costa Rica (257 to 281) 120: 15FEB1938 |
| 80 (60 to 12) Panama 3(2) - 4(4) Colombia (-14 to 19) 54: 13FEB1938 |
| 120 (0 to 60) Panama 4(3) - 1(1) Venezuela (0 to -41) 81: 11FEB1938 |