Preheat oven to 325 degrees F (165 degrees C). Grease two 9×5-inch loaf pans.
Combine sugar, flour, eggs, shortening, whole milk, vanilla extract, lemon extract, and baking powder in a large bowl; pour into the prepared pans.
Bake in the preheated oven until a toothpick inserted in the center of the cake comes out clean, about 30 minutes.
This can also be made in a fluted tube pan (such as Bundt(R)).
Buttermilk can be used in place of the whole milk.
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