Combine sugar, corn syrup and water in a saucepan. Bring to boiling over medium
heat, stirring constantly until sugar dissolves. Cook without stirring until candy
thermometer reads 260 degrees F.
Remove from heat, stir in peppermint extract.
Pour half of the mixture into prepared pan.
Add red coloring to remaining mixture and pour into second prepared pan.
When cool enough to handle, butter your hands, and pull taffy until satiny. To
stretch it properly, pull and fold it to make air pockets in it. Start twisting
taffies barber pole-fashion; twist and draw out candy into a rope; cut off twisted
sections about 18 inches long. Working with one section at a time, continue twisting
until taffy ropes stick together, drawing rope until it reaches desired thickness.
Cut into 6-inch lengths, and curve one end of each piece so it forms a cane shape.