text_original: This he does by selling to a speculative buyer an equal quantity of wheat to be delivered at some future time. If whilst he is holding his wheat prices decline, he will then be able to recoup his loss on the wheat by buying on the market at the reduced price now current to meet his contract with the speculative buyer, and the profit he makes on this transaction will more or less cover his loss on the actual deal in wheat which he has in progress.
text_transcription: THIS HE DOES BY SELLING TO A SPECULATIVE BUYER AN EQUAL QUANTITY OF WHEAT TO BE DELIVERED AT SOME FUTURE TIME IF WHILST HE IS HOLDING HIS WHEAT PRICES DECLINE HE WILL THEN BE ABLE TO RECOUP HIS LOSS ON THE WHEAT BY BUYING ON THE MARKET AT THE REDUCED PRICE NOW CURRENT TO MEET HIS CONTRACT WITH THE SPECULATIVE BUYER AND THE PROFIT HE MAKES ON THIS TRANSACTION WILL MORE OR LESS COVER HIS LOSS ON THE ACTUAL DEAL IN WHEAT WHICH HE HAS IN PROGRESS
phonemes: ðɪs hiː dˈʌz baɪ sˈɛlɪŋ tʊ ɐ spˈɛkjʊlətˌɪv bˈaɪɚɹ ɐn ˈiːkwəl kwˈɔntᵻɾi ʌv wˈiːt təbi dᵻlˈɪvɚd æt sˌʌm fjˈuːtʃɚ tˈaɪm. ɪf wˌaɪlst hiː ɪz hˈoʊldɪŋ hɪz wˈiːt pɹˈaɪsᵻz dᵻklˈaɪn, hiː wɪl ðˈɛn biː ˈeɪbəl tə ɹᵻkˈuːp hɪz lˈɔs ɔnðə wˈiːt baɪ bˈaɪɪŋ ɔnðə mˈɑːɹkɪt æt ðə ɹᵻdˈuːst pɹˈaɪs nˈaʊ kˈɜːɹənt tə mˈiːt hɪz kˈɑːntɹækt wɪððə spˈɛkjʊlətˌɪv bˈaɪɚ, ænd ðə pɹˈɑːfɪt hiː mˌeɪks ˌɔn ðɪs tɹænsˈækʃən wɪl mˈɔːɹ ɔːɹ lˈɛs kˈʌvɚ hɪz lˈɔs ɔnðɪ ˈæktʃuːəl dˈiːl ɪn wˈiːt wˌɪtʃ hiː hɐz ɪn pɹˈɑːɡɹɛs.