In the given excerpt from "The Pig," the tone established is **elated**. This is evident from the description of Kibuka being "more delighted than ever," marveling at the small pig with joy, and waving happily when his grandson drove away with the piglet clutched tenderly to his chest. The use of words like "delighted," "happily," and the tender gesture of clutching the piglet show a sense of happiness, excitement, and contentment, which all contribute to an overall tone of elation.