Did some rudimentary research on the ratio of horses to mules in the US. As I have never seen a mule leather label I assume mule was legally labled as horse. A ball park figure gives about a 25% mule to 75% horse ratio pre 1940 with peak horse and mule population of about 26 million around 1925. An interesting fact is that mules were significantly more valuable than horses. In 1930, an average horse was valued at $67.51 and a mule was valued at $82.60. Being the classic commercial beast of burden, it is reasonable to assume most ended up at the knackery and tannery for extracting maximum value so a lot of mule leather must have got out there. A lot of vintage genuine horsehide must really be mulehide.
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