	cont l materials cuo ends consideration of bid continental materials corp said its directors decided not to give further consideration to business combination proposed by a stockholder group that holds pct of continental materials stock continental materials said the offer had been received from continental associates a group of st louis businessmen according to continental materials the group said may it might boost its stake in continental materials but the group also said in a letter last week to the company that the group had no financing the board did not consider it an official offer a continental materials spokeswoman said reuter 
