The first rooftop celebration atop One Times Square, complete with a fireworks display, took place in 1904. ~The first Ball Lowering celebration atop One Times Square was held on December 31, 1907 and is now a worldwide symbol of the turn of the New Year, seen via satellite by more than one billion people each year.~ In 1942 and 1943 the Ball Lowering was suspended due to the wartime dimout. The crowds who still gathered in Times Square celebrated with a minute of silence followed by chimes ringing out from an amplifier truck parked at One Times Square.~ The original New Year's Eve Ball weighed 700 pounds and was 5 feet in diameter. It was made of iron and wood and was decorated with 100 25-watt light bulbs.~ The New Year's Eve Ball is the property of the building owners of One Times Square. ~