Spicy Peach Nut Bread

2 cups all-purpose flour
2/3 cup granulated sugar
2 teaspoons baking powder
1/2 teaspoon salt
1/2 teaspoon baking soda
1/4 teaspoon ground cloves
2 tablespoons softened butter
1 (16 ounce) can (2 cups) sliced peaches or apricot halves, drained (reserve syrup)
1/2 cup reserved syrup
2 eggs
1 cup chopped nuts
1 cup raisins (optional)

Preheat oven to 350 degrees F. Using solid shortening, generously grease and flour a 9 x 5-inch or 8 x 4-inch loaf pan.

Lightly spoon flour into measuring cup; level off.

In large bowl, blend ingredients at low speed until moistened. Beat for 2 minutes at medium speed. Stir nuts into batter. Pour into prepared pan.