May 15, 1985

Firefighters found the bodies of six people today in the charred rubble of a radical group's house that had been leveled in a police assault that set fire to the surrounding neighborhood and destroyed more than 50 homes. Mayor W. Wilson Goode, saying he was ''devastated'' by Monday night's destruction, said the city would rebuild the houses gutted by the blaze, which left 200 people homeless. He defended the action against Move, a radical back-to-nature group, which had had a 90-minute shootout with the police nearly 12 hours before a bomb was dropped from a helicopter. Mr. Goode indicated that he would approve such a bombing again in a similar situation. Bodies Not Identified None of the dead found in the rubble of Move's row-house fortress in West Philadelphia could be identified this evening. Officials said there were two men, one woman, a fourth adult whose sex could not be determined, and two children, one of them a girl.

''The whole world sees us. We've got to stick together. We'll have homes again.

Bond prices rose sharply yesterday, as investors snapped up Government securities in the belief that a cut in the discount rate may be imminent. Market participants said that trading was heavy throughout the day. ''Everybody seems to want to buy,'' said one government securities trader, who asked not to be identified. ''There was a stampede into the longer end early in the day, with the front end catching up rather handsomely later on.''

Morgan Stanley & Company, as expected, announced today that it had assembled a group of 25 investors to offer to purchase the Government's 85 percent interest in Conrail for $1.2 billion in cash and other considerations. Its investor coalition ranged from the CSX Corporation and Citicorp to Harvard, Princeton and Columbia and several major pension funds. The Morgan Stanley group, said its proposal, if accepted, would be an interim step toward making at least 60 percent of Conrail's stock available to the public within five years of the date of purchase. Morgan Stanley said the total value of its offer to the Government could be as much as $1.8 billion. The figure was based on Government receipts that might accrue from an independent Conrail as opposed to the carrier becoming a subsidiary of the Norfolk Southern Corporation, which the Reagan Administration picked in February as its choice to purchase Conrail.

It has been a while since the name John W. Hinckley Jr. was news. His father, John Sr., who is more comfortable being called Jack, very much liked it that way. So did Jo Ann, his mother. They agree that for a long time they abhorred the notoriety that dogged them, linking ''the very name Hinckley with unpleasantness,'' Mr. Hinckley said. But now both of them are going public in a big way. ''There is no way we can undo what happened,'' Mr. Hinckley said, speaking of the day in March 1981 when his son shot President Reagan and three other men. ''So we're trying to do the next best thing,'' his wife said, ''to make something good come of it.''