Cut marischino cherries into small pieces.
In a large bowl, beat together eggs, milk, vanilla, and cherry juice.
Add all remaining ingredients except for nuts and cherry pieces. Mix until smooth.
Add nuts and cherry pieces to the batter and gently hand stir to distribute them evenly. Do not overmix.
Pour batter into greased loaf pan. Gently tap the loaf pan on the counter to remove any bubbles. Bake at 350° for about 60 minutes (until cake tester comes out clean).
Wait until cool, then remove from pan and wrap in tin foil. Cut into slices to serve as needed.