Glaums niðjum fór gǫrva
gramr með dreyrgum hamri;
of salvanið Synjar
sigr hlaut arinbrautar.
Kom at tvíviðar tívi,
tollurr karms þás harmi,
-brautar liðs, of beitti,
bekk- fall, jǫtuns rekka.
Gramr með dreyrgum hamri fór gǫrva niðjum Glaums; hlaut sigr of salvanið Synjar arinbrautar. Fall liðs bekkbrautar kom at tívi tvíviðar, þás tollurr karms of beitti rekka jǫtuns harmi.
The ruler with the bloody hammer [= Þórr] totally destroyed the descendants of Glaumr <giant> [GIANTS]; [he] gained victory over the hall-visitor of the Syn <goddess> of the hearth-stone-path [MOUNTAINS > GIANTESS > GIANT]. The fall of the retinue of the bench-road [HOUSE] came at the god of the bow [WARRIOR = Geirrøðr], when the pole of the wagon-cab [CHARIOTEER = Þórr] inflicted violence on the warriors of the giant.
[8] jǫtuns: ‘iotvn(s)’(?) W