alas, color theory. black and white are not hues , as such they can't be adjusted mathematically ( which is what the color adjustment tool does) .
This doesn't mean you cant do what you want tho. Here are a few ways:
1) CHANNEL MIXER. You will have to know some math and some color theory but that is method will allow you to use the sliders to arrive at a color that pleases you.
2) A better way, because its non destructive ( if that matters to you) is to duplicate your layer. On the LOWER layer fx->color overlay, and pick the color you want from the color picker. On the layer above , which must be grayscale, or better yet B&W, set the blending mode to :multiply
3) chose your foreground color. use the magic wand (or whatever selection method you feel gives you most control to get the area you want ) and OPTION (alt on PC) DELETE
Hope those help
BTW am flagging this post to be moved to the GRAPHICS forum so that other members may also provide help.