From: Peter Schreiber [peters_66@adelphia.net]
Sent: Monday, May 24, 2004 11:25 AM
To: Jonathan G. Katz, Secretary
Subject: NATIONAL MARKET SYSTEM rule NMS (s7-10-04)



Dear Sir,

Regarding the SEC's proposed rule change, I am writing to you in support of the 
NYSE's "trade through" rule. I feel that this rule is the cornerstone of integrity 
in pricing listed stocks. There are many other reasons that this rule is 
important, least of which is, it sends the wrong message to the investing public 
if abandoned.

I hope you will covey this message to Chairman Donaldson. 

With appreciation,

    Joseph A. Palmich  
     Equity Member NYSE