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Valden, who's the town's Wheel & Wainright, should be in his house at #20 during the day. Speak with him there and he'll tell you about his wife's caravan who was rumored to be ambushed. He tasks you, should you accept, with the rescuing of his wife, Paida. This is the one town quest that should easily take you the longest to complete, as his wife is at Dungeon Level 4 (#5)
of the Temple of Elemental Evil. See the link for details.

When she's rescued, reunite her with Valden to receive the very helpful low-hundreds xp.