Ring around the rum cake recipe from 1972 - Click Americana

Ingredients

• 3 cups flour
• 1-1/2 cups sugar
• 4-1/2 teaspoons baking powder
• 1-1/2 teaspoon salt
• 1-1/3 cups milk
• 1/3 cup butter
• 1/3 cup shortening
• 3 eggs
• 2 teaspoons vanilla
• 1/2 cup ground nuts (almonds, pecans, or walnuts)
• 1-1/2 cups canned apricot nectar
• 1 cup sugar
• 1-1/2 tablespoon cornstarch
• 2 tablespoons cold water
• 1/2 cup light or dark rum
• 2 eight-ounce cans mandarin oranges, drained