Abstract: A rotary ledger for a continuous rod-making machine includes gears (50,54) having interengaging teeth which are subjected to a pressure applied by resilient means to reduce or eliminate backlash. The pressure is applied as a predetermined torque applied through coaxial gear portions (50A, 50B, 54A, 54B) which are effectively urged to rotate in opposite direction swhile remaining engaged with a common further gear (46). A rotary torque limiting device (74) is connected to one end of a flat torsion spring (68) the other end of which is connected to one of the coaxial gear portions (50A) for applying the torque. An oil flow arrangement (124-132) is provided for ensuring adequate lubrication of at least one bearing (120) for a shaft (42) extending through the ledger housing (38) while preventing escape of oil with possible consequent contamination of the rod.