Abstract: A system, apparatus and procedure for processing tubular or cylindrical stock, particularly short lengths thereof, into precision formed end products includes a chute, preferably formed of a pair of parallel wall surfaces mounting opposed guide plates at least a portion of which are adjustable. The orientation of the chute and its cross section are made such that in the delivery thereof the longitudinal axis of the stock is maintained substantially parallel to the position in which such axis must be set for the working thereof. A transfer device cycled to and from the delivery end of the chute successively receives elements of the stock discharged therefrom and carries them to a work station without change of their orientation. Upon reaching said working station, said transfer device first holds the stock loosely against a complementary abutment surface, essentially in the attitude required for the working thereof.