Abstract: A yarn feeder device for feeding yarns having elastic characteristics includes a feeder roll carried by a drive shaft which is journalled for rotation between a pair of shoulders. The feeder roll has a peripheral surface engaged by each peripheral surface of a pair of pressure rolls with yarn being fed tangentially therebetween. A pair of arms is pivoted to one of the shoulders and each arm rotatably carries one of the pressure rolls. A drive wheel is nonrotatably, but axially slidably connected to the drive shaft and is adapted for driving engagement with a rotatable drive disk. The drive wheel is also shiftable by a fork member along the drive shaft to vary the point of driving contact between the drive wheel and the drive shaft to thereby control the speed of the feeder roll.