Shoe Pegs. A short wooden nail used for fastening the uppers to the soles of boots and shoes. Shoe peg making is an important branch of business in Maine and Pennsylvania, over 1500 cords of wood being annually consumed in the manufacture. The pegs are sold by the bushel, and are worth from 75 cents to 81 per bushel. The value of the yearly product amounts to over $300,000, large quantities being exported.