Here's what I heard:

Chorus: Go to sleep, my darling baby; oh baby, the moon smiles above.
Cuddle closer, little baby; oh baby, you're my precious love.
Oh, why do you cry? The stars are shining bright.
Then tell your cares goodbye and kiss Mother good night.
So go to sleep, my darling baby; my baby, dream sweet dreams of love.

yodel

Shadow are falling over land and sea.
Dreamland is calling to you and to me.
Oh, my wonderful child, time for rest, my precious one.
The twilight is stealing for night has come.
I'll rock you to sleep while the north wind blows
And sing an old lullaby everyone knows.

Repeat chorus.
yodel

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I had to listen to "time for rest" 6 or 8 times before I understood it.

Thank you for bringing up this pretty song and another opportunity to yodel.