Stone quarries have been part of the area economy since the mid 1800's, the current quarry is operated by Wallace Quarries Ltd. Stone from Wallace quarry sites have contributed greatly to the construction of many well recognized monuments and buildings in Canada and the United States of America. For example, stone from the Wallace quarries have been used in the construction of The Canadian Parliament in Ottawa, Halifax Province House, Charlottetown Province House, and the Central Park Bridge in New York. Because of the local sandstone's colour and durable strength, it is not hard to identify the sandstone from Wallace. Depending on the size of sandstone that is to be extracted, holes are drilled into the quarry wall, with wired explosives inserted inside each hole. After the explosion ‘cuts’ the sandstone off of the quarry face, the blocks may be sawn to desired size using a diamond encrusted saw. Stone was transported by schooner or barge using the local harbour for years but now trucks are utilized to get the stone to its customers. At one time a gravity driven rail system was used to move the stone from the quarry site to the wharf for loading.  Renewed interest in the use of natural materials has increased demand for sandstone so activity at the quarry has increased in recent years.