November 28, 1985

The dollar's descent, after briefly bringing the currency to five-year lows early this week, has abated, but many analysts say the dollar is set for a steady decline in coming months. The only argument seems to be over how fast it will go. The dollar was mixed yesterday in a very quiet market in advance of the Thanksgiving holiday. Late yesterday the dollar slipped to 2.5450 marks, compared with 2.5515 on Tuesday. It also eased to 201.10 yen, from 201.19.

International Mikhail S. Gorbachev said his talks with President Reagan were a success and he declared that preparations for the next summit meeting should begin at once. The Soviet leader spoke in an 80-minute televised speech. [Page A1, Column 6.] The U.S. does not plan to modify its current negotiating proposals significantly before the Geneva arms talks convene again in January, Kenneth L. Adelman, the director of the Arms Control and Disarmament Agency said. [A3:1-3.]

''It's often said that the English just can't understand any of the Irish, and I think we just have to accept that that's true.'' - Edward Heath, former Prime Minister of Britain. [A11:4.]

The Discoveries column in The Living Section yesterday misstated the price of the Hanukkah menorahs designed by Robert Lipnick. They are $250 each.

Two Israeli diplomats involved in the collection of scientific information have been recalled to Israel from the United States because of their connections with an American Navy employee accused of selling secrets to Israel, Government sources said today. One man was based in Israel's Washington embassy, the other in the New York consulate, The two diplomats are already back in Israel, the sources said. One arrived late last night and the other earlier in the week. Both are being kept out of sight, the sources added. The sources said the two were recalled in order to avoid the possibility that the United States Government would expel them or question them about the case.