It shall be the duty of every pawnbroker to make out and deliver to the Chief of Police or officer designated by the Chief, every business day, and before the hour of 12:00 p.m., a legible and correct copy from the register of all personal property or other valuable things received, deposited or purchased the preceding day, in whatever quantity received, including property purchased as secondhand merchandise at wholesale, secondhand merchandise taken in for sale or possessed on consignment for sale and secondhand merchandise taken in trade. No such report need be made concerning property or merchandise acquired from another pawnbroker licensed in the State in a transaction involving the purchase or other acquisition from the other pawnbroker of stock in trade, or a substantial part thereof in bulk, where the other pawnbroker has made the reports required by this section with respect to such property or merchandise. Such report shall include the time the items were received or purchased and a description of the person by whom left in pledge, or from whom the items were purchased. No person shall be required to furnish such description of any new property purchased from manufacturers or wholesale dealers having an established place of business, or of any goods purchased at open sale or from any bankrupt stock. Such goods must be accompanied by a bill of sale or other evidence of open and legitimate purchase and must be shown to the Chief of Police and members of the Police Department when demanded. (Code 1981 § 38-52. Code 1995 § 114-88.)