The elongation of a conical bar under the action of its own weight is given by the formula:
\[
\Delta L = \frac{4}{3} \times \frac{F L}{A \sigma}
\]
Where:
- \( F \) is the weight,
- \( L \) is the length,
- \( A \) is the cross-sectional area,
- \( \sigma \) is the stress.
When compared with a prismatic bar of the same length, the elongation of a conical bar is one-third of that of a prismatic bar. Hence, the correct answer is "One third".