As a source of future revenue to the State, it may not be inappropriate to state that the wine interests are receiving a new impetus. A company has been formed, the sphere of whose operations is in the vicinity of Los Angeles, and preparations are in progress for cultivating the grape on a scale unequalled in any of the most favorite wine-growing countries. The Directors of the Los Angeles Vineyard Society held a meeting in this city a few evenings since, and had occasion to sell four shares of their stock. These shares, which are worth $750 at par, were sold at $795. The stock is not in the market for sale on speculation, and the shares are held mostly by persons who intend to make their homesteads on the land already purchased by the Society on the Santa Anna River, in Los Angeles County, as soon as the Tines shall begin to bear.

Tobacco

Tobacco is also a product which must hereafter receive much attention. Experiments have fully proven the adaptiveness of the soil of many portions of the State. The soil and climate of the Sacramento Valley, as well as that of the southern counties, is admirably adapted to its growth. The same may be said of cotton, which eventually must become one of our leading staples. A company has also been formed for the prosecution of the rice culture, and a large tract of land is now in process of preparation, in San Joaquin County, with this view. - San Francisco Shipping Litt.