December 7, 1984

A state district court judge in Oklahoma has granted the Phillips Petroleum Company a temporary restraining order blocking T. Boone Pickens, the Texas oilman, from going ahead with plans to take over the company, Phillips said yesterday. The Oklahoma-based company said the court set a Dec. 14 hearing after Phillips argued that a takeover would violate a 1983 agreement with the General American Oil Company, now owned by Phillips, that prevented Mr. Pickens from acquiring it. Mr. Pickens, meanwhile, said in documents filed with the Securities and Exchange Commission that he would turn to stockholders to help him wrest control of the nation's 11th- largest oil producer from its current management. He said he would seek the written consent of a majority of the stockholders to remove the 16- member board.

Deak & Company, the holding company for one of the country's oldest and largest foreign exchange and precious metal dealers with branches worldwide, surprised the investment community yesterday by filing to reorganize under Chapter 11 of the bankruptcy code. R. Leslie Deak, the company's president, described the filing as the result of a ''classic run'' on the company's Latin American offices that caused a severe liquidity squeeze. Two subsidiaries, Deak-Perera Wall Street Inc. and the Deak-Perera International Banking Corporation, also filed for bankruptcy.

The domestic spending reductions President Reagan endorsed Wednesday would touch more than 100 types of programs and would fall on Americans in every walk of life. The cuts would affect farmers and Federal workers, riders of trains and subways, veterans, women and infants, and the poor and elderly who need health care. In an effort to protect the economic recovery by bringing down the Federal deficit, now running beyond $200 billion a year, the President is proposing to cut $34 billion in projected nonmilitary spending for the 1986 fiscal year, which begins next Oct. 1. Republican leaders in Congress generally endorsed the President's deficit reduction package today, although they noted that nearly every proposal would draw strong objections from the programs' advocates. Congressional Pay Cut The leaders emphasized that to share the pain fairly, the package should also include a smaller increase in military spending, a 10 percent pay cut for Congress and the President, and possibly a freeze on cost-of-living increases for Social Security recipients. (Page D21.)

BIGGER than life, they loom in the main gallery of the Queens Museum - brides and bridegrooms, kings and drummers, even a woman in curlers. They stand, wooden and stoic, until the tug of a string sets a hand in motion, then a leg. Suddenly, the arcade is bubbling with the imagination of children, bringing the puppets to life. The exhibition, which starts tomorrow and runs through Jan. 13, is one of the many museum programs that New York City has to offer children. Around the five boroughs, there are museum experiences that can provide youngsters with an appreciation of classical art and antiques, and there are innovative programs that bring the culture of the streets into the exhibition halls. Many museums are supplementing their shows with workshops, films and concerts designed to help children identify with the exhibitions. Winter brings a new touch to the city's museums, with displays and programs that celebrate the holiday season. Along with the regular exhibitions, the museums provide an entertaining and educational diversion for children on weekends and especially during the winter holiday vacation. Listed here is a selection of museum programs that are geared to children.

An article in Weekend on Oct. 26, about celebrating Halloween, incorrectly described the captaincy of the sloop Clearwater. The captain was Peg Brandon. Pete Seeger, the folk singer, was aboard as a passenger only.