Then the elves of the valley came out (затем эльфы из долины вышли) and greeted them (и поприветствовали их; to greet — здороваться, кланяться, приветствовать, встречать /возгласами и т. п. /) and led them across the water (и провели их через реку) to the house of Elrond (к дому Элронда). There a warm welcome was made them (там им устроили теплый прием), and there were many eager ears that evening (и тем вечером было там множество нетерпеливых слушателей: «ушей»; eager—страстностремящийся, жаждущий; нетерпеливый) to hear the tale of their adventures (/которые жаждали/ услышать историю их приключений). Gandalf it was who spoke (рассказывал именно Гэндальф; to speak (spoke, spoken) ), for Bilbo was fallen quiet and drowsy (так как Бильбо охватило: «был охвачен» спокойствие и сонливость; to fall (fell, fallen) — /зд. употребляется как глагол-связка/ становиться, перейти в определенное состояние). Most of the tale he knew (бульшую часть истории он знал), for he had been in it (так как он был в ней сам), and had himself told much of it to the wizard (и сам рассказал большую ее часть волшебнику) on their homeward way (на их пути домой) or in the house of Beorn (а также в доме у Беорна); but every now and again he would open one eye (и все же, время от времени, он открывал один глаз), and listen (и слушал), when a part of the story which he did not yet know came in (когда дело касалось той части истории, которую он еще не знал). It was in this way (именно таким образом) that he learned where Gandalf had been to (он узнал, где побывал Гэндальф; to have been (to) — посещать, бывать); for he overheard the words of the wizard to Elrond (так как он нечаянно услышал слова волшебника, обращенные к Элронду; tooverhear (overheard) — подслушивать, нечаянно услышать). It appeared that Gandalf (оказалось, что Гэндальф) had been to a great council of the white wizards (был на большом собрании добрых волшебников; white — белый /зд. имеется в виду белая магия/), masters of lore and good magic (магистров традиционных практических знаний и доброй магии); and that they had at last driven the Necromancer (и что они наконец-то выгнали Некроманта; to drive (drove, driven) ) from his dark hold in the south of Mirkwood (из его мрачного логова на юге Мрачного Леса).
drowsy [ˈdraʋzɪ] overheard [ˌǝʋvǝˈhǝ: d] lore [lɔ: ] necromancer [ˈnekrǝmænsǝ]
Then the elves of the valley came out and greeted them and led them across the water to the house of Elrond. There a warm welcome was made them, and there were many eager ears that evening to hear the tale of their adventures. Gandalf it was who spoke, for Bilbo was fallen quiet and drowsy. Most of the tale he knew, for he had been in it, and had himself told much of it to the wizard on their homeward way or in the house of Beorn; but every now and again he would open one eye, and listen, when a part of the story which he did not yet know came in. It was in this way that he learned where Gandalf had been to; for he overheard the words of the wizard to Elrond. It appeared that Gandalf had been to a great council of the white wizards, masters of lore and good magic; and that they had at last driven the Necromancer from his dark hold in the south of Mirkwood.