October 14, 1983

Israel's Finance Minister resigned today after the Cabinet rejected a plan he proposed to replace the shekel with the United States dollar as the nation's legal tender. The official, Yoram Aridor, said he resigned when he saw that his idea had no chance of being accepted by the Cabinet, which had been called into emergency session after the proposal was made public this morning. In announcing the rejection, Prime Minister Yitzhak Shamir said: ''I heard the idea in the last few days. I never regarded it as a plan, just food for thought, for study by specialists and experts. There was no intention of adopting it. It was not realistic. It could not be implemented. All the economic sectors agree on this.''

An obituary on Sunday misidentified a general partner in Advanced Technology Ventures. He was Dr. Tadeusz Walkowicz.

Marshal Viktor G. Kulikov, commander in chief of Warsaw Pact forces, today offered the most explicit warning yet that the Soviet Union would deploy additional nuclear weapons in Europe if the United States proceeded with plans to deploy medium-range missiles. Marshal Kulikov said that, if the American missiles were placed in Western Europe starting in December, ''after consultations with our allies we shall deploy additional nuclear weapons to offset NATO's growing nuclear might in Europe, and we shall take corresponding measures with regard to United States territory.'' Given to Western Reporters The marshal, who is also a Soviet First Deputy Defense Minister, gave the warning in an interview that was distributed to Western reporters by the Novosti press agency, a feature syndicate reflecting official Soviet views for the foreign press. Marshal Kulikov said the American missile deployment would also be countered by enhancing the combat readiness of the Warsaw Pact forces ''for the repulsion of possible aggression.''

The search for a buyer of the Midland bank is narrowing. Page D4. MIDLAND, Tex., Oct. 13 - The First National Bank here took pride in being an Oil Patch bank, an institution that loaned money to the industry on a handshake. And now that it is failing, there is an outpouring of emotional support from those it has helped over the years.

President Reagan's two top economic advisers, Martin S. Feldstein and Donald T. Regan, who have clashed publicly over the dangers posed by budget deficits, have been ordered to have their speeches reviewed by the White House from now on, ''to insure conformity,'' Mr. Reagan's chief spokesman said today. Administration officials said, however, that they expected the two advisers to continue to speak their views, although perhaps in a more muted fashion. Larry Speakes, the President's spokesman, said the new ''informal process'' of clearing speeches was established in early September after Mr. Regan, the Treasury Secretary, and Mr. Feldstein, chairman of the Council of Economic Advisers, had a series of disputes over the Federal deficit. The disputes, which White House aides said were embarrassing, have to do with Mr. Feldstein's contention that the deficits were keeping interest rates high.