This once industrial town, like many such towns in this area of Scotland has seen a sharp decline of traditional industry, which has hit the town hard. In addition to coal mining, iron stone mining and textile manufacturing the town also had clay mines to be used in the areas various brickworks. To produce common red brick these brickworks were also well supplied with clay extracted from coal mine waste, available from the numerous "bings" throughout the valley, whereas the mined clay was required for higher quality fire brick.