Hello Ellen,
I read:
Anno 1740 den 29 ....(9ber??? -> November) ist .....
und seiner Hauß-Frau Anna M...(ar-
garetha ein Söhnlein gebohren
den 30ten eiusdem getaufet worden
Taufzeugen waren Johann P..
Greiß und Johann Jacob Sch...
von Perleicheim (????) Es wurde ihm ...
Name Philipp Jacob gege...(-ben)
Year 1740 29 November (I think there is written 9ber, then it's November, doesn't look like Xber or Dzbr)
....... and his housewife Anna Margaretha
was born a little son and was baptized
30 same month
Godfathers have been Johann P... Greiß and Johann Jacob Sch...
from Perleicheim (don't know if this is right)
He was named Philipp Jacob