It shall be the duty of the junk dealer to make a report to the Chief of Police each Monday, of the goods, articles and merchandise bought by the dealer during the preceding week, which report shall contain a description of property purchased and the name and residence of the seller and the numbers of the goods, which information shall correspond with the books and records kept in the place of business as described in this chapter. The goods, articles and merchandise so reported shall be kept separately and apart from all other property in the place of business until after the expiration of ten days from the time of reporting the purchase of the same to the Chief of Police. (1947 Code, Sec. 5-353.)