May 17, 1975

Gulf Oil Corp chmn Bob R Dorsey says co may have made illegal pol contributions in Italy, testimony, US Sen Foreign Relations Com's Subcom on Multinatl Corps (S)

article on Con Ed's financial troubles notes that co must succeed in selling its Indian Point nuclear plant to NYS Power Auth (L)

Japanese woman, Junko Tabei, deputy leader of Japanese women's expedition, reaches top of Mt Everest, May 16, first woman to conquer peak; accompanied by Sherpa guide Ang Tsering; other Mt Everest climbs revd (S)

Moody's Investors Service, leading securities-rating agency, gives highest grade to NYC $280-million note issue scheduled for sale on May 19; Mayor Beame and Controller Goldin pleased, but banks say they are not sure rating will make any difference; Chase Manhattan and Morgan Guaranty Trust reprs say that syndicates will meet on May 19 and make final decision; if notes are sold, most are expected to be placed with large city banks; Moody's sr vp Jackson Phillips says that MIG-1 rating is result of analysis of city's ability to repay money, not result of analysis of bond mkt; many munic-bond traders and investors disagree with Treas Sec Simon's view that default by NYC on obligations would have little impact on bond mkt (M)

Sec Kissinger says Mayagez rescue should demonstrate to world that 'there are limits beyond which the US cannot be pushed,' State Dept news conf; stresses that US did not seek mil confrontation; expresses 'regret' at any embarrassment US may have caused Thailand by airlifting in 1,100 Marines to air bases in Thailand without 1st consulting Thai officials; Thai Govt orders its Amb in Washington (DC) to return to Thailand for consultations; White House press sec Ron Nessen says Pres ford 'firmly rejects' speculation that US welcomed crisis; says decision to use force was based '100% and entirely' on safe return of ship and crew; Natl Security Council views decision as signal to N Korea and other Communist countries of Amer determination to meet force with force; Kissinger strongly defends Adm efforts to achieve diplomatic solution before resorting to force; State Dept officials say diplomatic notes were sent to Cambodian Govt directly through its Peking Embassy and through good offices of Chinese Govt; both notes were returned to US without comment shortly before council authorized use of force to seize ship; Kissinger says he does not believe diplomatic relations with Thailand will be severed as result of dispute; Kissinger apparently regrets Thailand's embarrassment and at same time is annoyed that Thailand had not taken account of Amer problems; remarks imply that US believed Thailand preferred not having to know in advance of Marines being sent to bases; Commerce Dept says all US exports to S Vietnam and Cambodia will be barred except for 'special humanitarian considerations'; both countries will be under same category as N Vietnam, N Korea and Cuba; Kissinger illus (M)