The historical records of the Valley Lumber Company at Timpson are sparse. In October 1905, it held the mortgage of the Shelby County Lumber Company, with its mill at Center, on the following equipment: an Atlas boiler, an Atlas engine, a saw mandrel, a Fisher & Davis sawmill, carriage and set works, an edger, a shotgun steam feed, a slab conveyor, two 60-inch saws, a 48-inch saw, a 24-inch cutoff saw, an iron building with a planing-mill engine, a boiler, a matcher, a surfacer-matcher, a planer building, eight log wagons, horses, mules, and oxen. The following year the Shelby County Lumber Company was forced into bankruptcy by its creditors, and some of the above equipment may have been relocated to the Valley Lumber mill at Timpson.
According to an American Lumberman article of January, 1906, the Ragley Lumber Company, with its large mill just north across the Panola County line, attempted to buy the Valley Lumber Company mill at Timpson for $70,000, but the sale never materialized.
The company must have relocated to Neuville, for in February 1908 the district court in Beaumont discharged O. S. Wooley of his duties as receiver for the above company and ordered him to sell the remaining equipment at Neuville to R. H. Downman of Louisiana for $2,000.
A Southern Lumberman article noted in September 1908 that L. H. Wallis owned Valley Lumber Company.