Given that \( \frac{1}{r_1}, \frac{1}{r_2}, \frac{1}{r_3} \) are in arithmetic progression, we can use the property of arithmetic progression.
For any three terms in arithmetic progression, the middle term is the average of the other two. Therefore, we have the relation:
\[
\frac{1}{r_2} = \frac{1}{2} \left( \frac{1}{r_1} + \frac{1}{r_3} \right)
\]
This implies that the ratio of the radii is \( r_1 : r_2 : r_3 = 3 : 1 \).
Thus, the correct answer is option (4) \( 3 : 1 \).