When you go to the Lighthouse to the left of the front door there is a stump with an enchanted weapon in it, jump from the rocks and onto the stump to grab it for it is worth selling, afterwards go into the Lighthouse and climb to the top. He will ask you to find the Hiding Place and give him the money from it, although we are just going to keep the money for ourselves. Afterwards head upstairs and speak to Hrisskar Flat-Foot and ask about Fargoth's Hiding Place. I suggest that you buy a Chitin Bow with 100 Arrows, Light Armor, and a Short Blade of your choice. Continue onto the Trade house and speak to the elf at the counter to sell your stuff.
Because of this you will get a discount at the Tradehouse when you sell your useless things. When leaving the Excise building go the the Woodelf Fargoth and give him the ring you found in the barrel.