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Cream sugar and shorttening in a large bowl until light and fluffy.
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Beat in molasses and honey.
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Combine dry ingredients and add 1/2 to the creamed mixture; beat until moistened.
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With mixer running at low speed, blend in hot cider.
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Add remaining dry ingredients, mixing well.
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Add egg and vanilla; beat for one minute on medium speed.
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Spread batter in a greased 8 inch square baking pan.
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Bake in a preheated 350 degree oven 25 to 30 minutes or until a pick inserted in the middle comes out clean.
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Cool in pan for 10 minutes.
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Prepare glaze by stirring apple jelly and apple cider together in a small pan.
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Cook over low heat, stirring frequently, until jelly is melted and mixture is smooth.
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Spoon hot glaze over the cake and sprinkle with walnuts.
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Cool.
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Top with whipped cream or a mixture of 8 oz whipped cream and 1/2 cup sour cream and sprinkled with a little bit of cinnamon or ginger.