This is the Upper Pit quarry of the Pigeon Hill Granite Company, which is known today as Steel Derrick quarry. This picture was taken in 1906 for the U.S. Geological Survey. The view looks out over the quarry towards the southwest.

For a circa 1910 postcard view of this quarry, see this post. For a postcard view of the Pigeon Hill Granite Company docks, see here.