
Originally Posted by
Scrapette
That new Cincinnati law would require the yards to pay scrappers with checks and the checks would be on a hold for so many days in case the metal turned out to be stolen.
If people stop scrapping, wouldn't that make prices go up due to scarcity?
The only thing that would make them stop, is if they can't go a few days without cash. Most scrappers that I know of personally, leave a little cash (like petty cash) for those days, when there is no scrap to be had, or emergencies, etc.
I could understand the whole check thing, but even so, with most banks, if they know you, they will push the check through.
Only way a scrap yard can have a check have a hold on it, if they write a date for a few days into the week. Like if I went today and they wrote me a check, and post dated till Friday, I wouldn't be able to deposit till Friday.
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