NEW YORK, JUNE 29 -- Energy issues turned in some of the strongest performances as the stock market drifted through a quiet, mixed session today
The Dow Jones average of 30 industrials rose 10.05 to 2446.91, recouping much of Friday's 14.19-point loss.
But some other, broader market measures showed little life.
Volume on the New York Stock Exchange dwindled to 142.49 million shares from 150.54 million in the previous session.
Analysts said some stocks still appeared to be benefiting from buying by investing institutions readying their portfolios for midyear reports to clients.
Tuesday is the last session of the second quarter.
Once the quarter ends, brokers say it would be no surprise if activity tails off further heading into the long Independence Day weekend, which begins for Wall Street at Thursday's close.
In recent weeks, confidence in the financial community has increased now that the dollar is stabilizing, taking upward pressure off interest rates.
In the credit markets today, rates were mixed.
Texaco climbed 1 5/8 to 39 1/2 in active trading. The company said it was encouraged by the Securities and Exchange Commission's decision to file a friend-of-the-court brief on a potentially key point in Texaco's legal dispute with Pennzoil over the takeover of Getty Oil.
Pennzoil shares fell 4 to 78 7/8.
Many other energy stocks also were strong on word that the Organization of Petroleum Exporting Countries agreed to hold production later this year at lower levels than previously planned.
Amerada Hess rose 2 1/8 to 38 3/4; British Petroleum 1 3/8 to 74 5/8; Exxon 2 1/8 to 93 5/8; Mobil 1 1/8 to 51 1/2; Chevron 1 5/8 to 61 7/8, and Maxus Energy 1 1/8 to 13 3/4.
Among the oil service and drilling stocks, Schlumberger added 1 3/4 to 46 1/2; Halliburton 1 3/8 to 38 1/4; Baker Hughes 7/8 to 22 3/8, and Tidewater Inc. 7/8 to 9 1/8.
Korea Fund scored one of the day's biggest percentage gains, jumping 10 1/4 to 70 1/2. The shares of the investment company responded to weekend reports that the head of South Korea's ruling party had offered concessions to calm civil unrest in that country.
Allis-Chalmers fell 3/4 to 2 1/8 as the company filed for protection under Chapter 11 of the federal bankruptcy law.
Di Giorgio gained 3 to 30. It said it received an unsolicited proposal from an investment firm for a recapitalization plan that would include, among other things, a $20-a-share cash distribution to shareholders.
Declining issues outnumbered advances by about 8 to 7 in the daily tally on the NYSE. The exchange's composite index edged up .32 to 172.99.