If this is the Ralph Raynor, b. 19 May 1887, d. 11 Feb 1968 and buried in the Ebenezer Presbyterian Church Cemetery between Coats and Benson, NC in Harnett County (but close to the Johnston County line), his wife was indeed Alice Bailey.
If you're interested in the Bailey side, I may be able to be of assistance. Please let me know.
Stewart