October 3, 1983

Guerrillas killed at least 46 people, including 39 Philippine soldiers, in an ambush of an army patrol unit northwest of here last week, a high military officer said here today. The officer, Maj. Gen. Delfino Castro, head of the Philippine Army's Southern Command, said the death toll was the highest suffered by Government forces in a single attack since the leftist rebels began operating on a major scale 10 years ago. Seven civilians, including a woman and child, were among the victims. General Castro said, in an interview, that the ambush, which occurred on Thursday, had been carried out by about 70 guerrillas belonging to the New People's Army, the military arm of the Philippine Communist Party.

America needs a comprehensive industrial policy to rebuild the economy, bring about balanced economic growth and strengthen the nation's international economic position, A.F.L.-C.I.O. leaders said today. The executive council of the 13.8 million-member American Federation of Labor and Congress of Industrial Organizations also called for the creation of a Re-industrialization Board made up of representatives of labor, business and government, to guide the revival of industrial institutions the federation said was necessary. A National Development Bank, whose activities would be directed by the board, would be part of the new industrial policy. It would be created to invest private and public funds in what the council described as ''necessary re- industrialization projects.''

Because of an editing error, a wire- service article in some editions of Sunday's sports section incorrectly identified the manager of the Kansas City Royals. He is Dick Howser.

In the chilly expanse of the Pacific Ocean off Alaska's southern coast, the offshore oil rig Ocean Odyssey is being towed away this week. The rig has been leased since April by the Atlantic Richfield Company to explore the Gulf of Alaska. Arco has spent $43 million on this well, a single hole extending 18,500 feet into the earth's crust. But two weeks ago, the company concluded that the well was dry. ''You have winners and losers in oil exploration,'' said William F. Kieschnick, Arco's president and chief executive officer. ''And we intend to press ahead.''

In a decision that is expected to impede investigations by the Securities and Exchange Commission, a Federal court has refused to review two rulings that impose stringent new procedures for the commission to follow before questioning witnesses. The rulings were issued earlier this year by two separate three-judge panels of the United States Court of Apeals for the Ninth Circuit, based in San Francisco. The panels held that the commission must give advance notice to each subject of an investigation before it could serve subpoenas on other individuals or companies who might aid in the inquiry. Late Friday, the Court of Appeals for the Ninth Circuit refused a motion by the S.E.C. to rehear the rulings before the entire court. In addition to California, the Ninth Circuit serves Alaska, Arizona, Hawaii, Idaho, Montana, Nevada, Oregon and Washington State.