The spelling of "leather coloreds" can be explained through phonetic transcription. The initial sound, /l/, is followed by the diphthong /ɛə/, representing the "ea" sound. The second part of the word, "coloreds," is pronounced as /kʌlərdz/, with the stressed syllable being the first /kʌl/. The "-ed" suffix is pronounced as /d/, indicating the past tense. "Leather coloreds" likely refers to items or materials that are colored like leather or have a similar texture.