Wallisville Lumber Company, prior to C. R. Cummings centralization of his export company at Wallisville, was the major lumber power at Wallisville in the 1890s. In 1896, the Company put a boom on the river next to the mill. During the summer of 1898, the mill was working ten hours a day, being supplied by water and local farmers. According to Pearson et al., the Wallisville Lumber Company advertised in June 1898 that it was a manufacturer and dealer in undressed and dressed pine, cypress, and ash. By the nature of its advertising, the mill probably dry kilns and a planer. The American Lumberman noted in 1900 that the Wallasville Lumber Company of W. E Stephens was reported to be out of business. The American Lumberman noted that in 1901 the Wallisville Lumber Company was succeeded by Z. W. Cannon.
No record exists of its demise, but it was not listed in the Reference Book of the Lumbermen's Credit Association, January 1905 edition.
The business remained small through 1900: only forty-four workers in the county were listed as lumberman. With the Stephens Mill, John Cook's mill, and the Kilgore & Beckwith mill competing for mill hands, all of the mills were small by necessity and certainly did not do their own logging.