Thanks to Duplin Times reporter Mike Staton for sharing this- he found some old photos from the 1950's in the library in Wallace. He said that it was from an energy company promotion to celebrate home towns. This looks to be the intersection of Main & College looking west.

This is a postcard of Main Street in Wallace from the 1950's. Lookinf from the intersection of Main & Railroad- looking east. There was an original in a shop in Magnolia a few years ago.

Found this photo online when looking for info on the Strawberry Festival in Wallace- this is from the 1930's.