Signage at the front of McPhie Park:
"McPhie Park
Site of McPhie & Co’s Salyards 1900–1968
Where Australia’s largest regular monthly horse sales were held. This park was gifted to the people of Toowoomba in memory of Alex McPhie, Principal of McPhie & Company."
McPhie and Co, established in 1889 as Bacon and Co, was taken over by Alex McPhie in 1896. Within three years, with agencies in Longreach and Hughenden, he was selling one million sheep and 500,000 cattle. In May 1906, McPhie erected new saleyards near this site and was soon conducting the largest annual horse sales in Australia. In 1946 the saleyards were moved to Harristown and the area subdivided for residential development.