Moist and delicious, this old-fashioned applesauce cake is filled with the perfect amount of spices, sugar, cinnamon applesauce, walnuts, and raisins. This classic applesauce cake is a favorite old-fashioned dessert from my Southern grandma. Sugar, spices, cinnamon applesauce, raisins, and walnuts are baked into a rich and moist irresistible treat.