Combine first five ingredients in saucepan. Bring to a boil slowly, stirring until sugar dissolves. Boil, without stirring over med heat,
to 236 degrees on candy thermometer or until a little mixture dropped in cold water forms soft ball. Remove from heat and let stand 15 minutes;
do not stir. Add flavoring; beat until mixture starts to lose its gloss (about 8 mins). Stir in the cherries and walnuts, and quickly pour into
greased shallow pan. Cool completely and cut into squares. Makes about 1 1/2 lbs of candy.