In the movie, Gandalf reads the last page of Balins diary. The page before that one can be seen for a split second. Here’s a screenshot, processed to be more readable:

screenshot.jpg

You can deciphere it yourself with this mode:

The Mode

I first tried to deciphere the text using the Tengwar for english mode, but that didn’t work out. I ended up using is a slightly modified form of the “Mode of Beleriand” as found in

An introduction to elvish and the other tongues and proper names and writing systems of the third age of the western lands of middle earth as set forth in the published writings of professor John Ronald Reuel Tolkien”

edited and compiled by Jim Allan
1978
March Press, Frome, Somerset

       
 
 
 
 
   
   
 
   

Links
For elvish stuff from the movie see Ryszard Derdzinskis page and of course imdb