Stew raisins in water until less then 1 cup of water remains. Chill until cold. Drain raisins juice into a cup. Cream sugar, shortening and salt. Add enough water to raisin juice to make 1 cup of liquid. Add raisins and liquid to sugar mixture. Add cinnamon, nutmeg, soda and flour. Beat until well mixed. Bake in a greased and floured loaf or tube pan at 350F for about 1 hour.