Joseph Stephen Wallace, Sr., 43, of Pensacola died Thursday, Feb. 12, 1998, in  a local hospital following a lengthy bout with cancer.  Mr. Wallace was born in Germany and was raised in Pensacola.  He was employed a Baroco Electric Company.  He was preceded in death by his parents, H.P. and Mary Wallace.  Survivors include his wife, Alicia Wallace; son, Joseph Wallace, Jr.; two brothers, Michael and Randy Wallace; two; nephews, Christopher and John Wallace; and other relatives.  Funeral services will be at  10 a.m. Monday, February 16, 1998, in Faith Chapel Funeral Home with the Rev. G. Platt officiating.  Burial will be in St. John's Cemetery.  Faith Chapel Funeral Home is in charge of arrangements.  Friends may call at the funeral home from 6 to 8 p.m. Sunday.  Pallbearers will be John Hanks, David Larkin, Richard Burch, Jack Dinger, Christopher Wallace, Charles Roy Walker and John Wallace.