Indications Thursday are that major league baseball is perhaps a week or more away from announcing the results of an investigation of Cincinnati Reds manager Pete Rose.

The Reds Thursday were braced for an announcement, but Thursday morning a spokesman for major league baseball said there would be no action taken Thursday."The inquiry is still going on," the spokesman said.

It's believed that baseball's inquiry has widened as news reports have linked Rose to gambling, income tax problems and association with a man who has been accused of attempting to sell cocaine.

Sports Illustrated reported this week that Rose bet on baseball and could be barred from the game if that is proved as the result of a probe being conducted by Commissioner Peter Ueberroth's office.

In the article, Ron Peters, a cafe owner in Franklin, Ohio, was described as Rose's "principal bookmaker." Thursday, the Dayton Daily News claimed that Peters had been linked to gambling since 1984 and tried to sell cocaine to an undercover informant last year.

Meanwhile, the Associated Press Thursday reported that although Rose is suspected of betting on baseball it's not believed that he bet on games involving the Reds. If he were found to have bet on baseball, he would be suspended for one year. If he bet on the Reds, he'd be barred for life.

The Dayton newspaper said Peters' association with gambling and the alleged drug sale are documented in state and federal court records. The Daily News reported that Peters acquired homes, a condominium, thousands of dollars worth of jewelry, wardrobes, expensive autos, and that he and his wife frequently vacationed during their nine-year marriage.

Judge James Flannery of Warren County Common Pleas Court, in awarding Peters' wife the divorce she sought, wrote that he did not believe Peters' statements that his bargaining prowess and his job as a golf teaching pro allowed him to provide such a lavish lifestyle.

"Husband claims to have managed all of this, plus the start-up of a very successful restaurant-bar business . . . all on his rather meager earnings as a golf teaching pro and his bartering skills with various friends in the construction usiness," Flannery wrote. "Admittedly his income was supplemented by his gambling activities."