Delay Could Prove More Costly, Advice. Developers should build now and not wait for a drop in interest rates, an insurance executive said in New Orleans Thursday afternoon. In an interview at the Downtowner Motor Inn, Thomas F. Murray, vice-president, commercial mortgages, of the Equitable Life Assurance Society of the United States, said that a delay in building such facilities as shopping centers and office buildings in the hope that interest rats might fall would probably prove more costly in the long run.

Photo is dated 1967.

Photo measures 8 x 10 inches.