Tone is the author's attitude toward the speech. Since we know that Dr. King was the author and presenter of the speech, this was one of inspiration, seriousness, hope, and encouraging. This is not to be confused with mood. Mood is your feelings from the text. So, while the tone may be one of hope, to say it was 'hopeful' would be a mood (if that is indeed what you are feeling when hearing it.)
The word delicacy usually means something highly valuable or expensive. Such as "the pearls were a delicacy", meaning that they were valuable, expensive. Does that answer your question?
