Dice cherries and reserve cherry juice. Beat sugar and eggs together. Add cherries, coconut, and nuts. Combine flour, baking powder, and salt. Add flour mixture and cherry juice alternately to the egg mixture. Bake in 2 greased and floured 8 1/2 x 4 1/2 x 2 1/2-inch loaf pans at 350 degrees F. for 60 to 70 minutes.