Ray Goulding, 68, Genial Satirist As Part of Bob and Ray, Is
Dead  Published: March 26, 1990  Ray Goulding, who was half of
the Bob and Ray comedy team that delighted radio and television
audiences for more than four decades with low-key humor and
gentle satire, died of kidney failure on Saturday at his home in
Manhasset, L.I. He was 68 years old.  Although he and his
partner, Bob Elliott, were seen frequently on television
beginning in the 1950's and had a run on Broadway in 1970 as
''The Two and Only,'' radio was their first medium and their
real home. They performed together until ill health overtook Mr.
Goulding two years ago. In the early 1980's, they were heard on
National Public Radio in an updated version of the original
''Bob and Ray'' show they had created in Boston in 1946.  In
15-minute and half-hour broadcasts they produced, wrote and
delivered on the air, the team created a stable of improbable
yet totally recognizable characters, all played by the two men.
Among the most memorable were Wally Ba