Panola County records list a mortgage from a J. Turner to the Pine Tree Lumber Company in 1903. For a $1,200 mortgage, Pine Tree Lumber received an Ames boiler and steam engine, a planer, an edger, and a Bremmen & Co sawmill. During the same year, the company mortgaged with the Hooper Singleton Lumber Company of Jefferson County, in the amount of $1,300, two hundred thousand feet of lumber, an engine, a boiler, a sawmill, an edger, a planer, two horses, ten mules, three log wagons, and eight oxen.
In 1904 the company sold the sawmill to Robinson and Oden for $510.14 on October 27 and the tubular boiler earlier for $250 on August 4. The Lumbermen's Credit Association noted in 1905 the Pine Tree Lumber Company saw and planing mills at Beckville in 1905. The company had a credit rating of “slow pay.” The company was not listed in the 1907 LCA edition.