Cream shortening; gradually add sugar, beating well. Add eggs, one at a time, beating well after each addition. Combine flour and salt; add to creamed mixture, beating well. Stir in flavorings and coconut.
Pour batter into a well greased 10-inch tube pan. Bake at 325° for 1 hour and 20 minutes or until cake tests done. Cool in pan 10 to 15 minutes; remove from pan, and cool completely.