Drain apricots, and save syrup. Puree apricots in a food processor, adding syrup if necessary to make 1 cup.
Whisk together the flour, baking powder, soda, and salt.
In a large bowl, cream together shortening and sugar. Add eggs one at a time, and beat fill fluffy. Add flour mixture alternately with apricot puree to the creamed mixture. Stir in nuts. Spread batter into a greased and floured 9 x 5 loaf pan.
Bake at 350 degrees F (175 degrees C) for 50 minutes. Remove from pan, and cool on a rack.
