martyr said:
I remember going through this when my dad gave me my Minolta Hi-Matic 7SII and said, "You can't buy batteries for these old cameras anymore so the light meter isn't going to work. Good luck!" Why hasn't someone out there come out with a straight across replacement for the 625 battery that gives off a steady 1.35 volts of power for the life of the cell? Is it really that hard? Why all this talk of adapters and spacers and zinc-air cells that will last a couple months before they dry out? I can't believe someone hasn't stepped up and saved all the vintage camera enthusiasts of the world by supplying them with a straight across replacement for the 625 mercury battery (and all those other sizes too!) that all their cameras need to work properly. It just seems stupid to me but then again, I haven't really been dealing with the problem for very long and obviously don't know all the ins and outs of battery technology.
I don't know all the ins and outs either, but I can try to answer some of your question, and guess at the rest in a (hopefully) educated way...
First of all, the mercury cell battery was used in photographic meters because of one major characteristic it had - it maintained the same voltage very nearly until it died. In other words, it was not the fact that it put out 1.35 volts that made it attractive - it was that it put out 1.35 volts until the day it finally ran out of steam. It was good that it was small and cheap, but the fact that it put out 1.35 volts wasn't important - they could design around whatever it put out - the important bit was that it put that voltage out for a long time, without changing hardly at all.
That allowed the manufacturers of camera meters to design around the battery. They did not need fancy (and expensive at the time) voltage regulators to keep a straight voltage to the light sensor - they could depend on the battery to 'keep it real'.
But mercury batteries were on the environmentalist's hit list in the late 1960's and 1970's - read "Silent Spring" for a better idea of how people were feeling about these things. Governments around the world slowly began to ban mercury-containing items, including batteries.
The camera meter manufacturers had some lead time - they saw this coming and designed their meters to have small integrated circuits that did voltage regulation. That is, as a battery's voltage began to sag, it would pump it up to keep it providing a steady voltage over the life of the battery. Now the meters can use the 1.5 volt alkalines and 1.5 volt silver oxides. Both of these have unstable voltage output which decreases with age - the silver not as badly as the alkaline. But it no longer matters.
Now, as to the question about going back and addressing the problem...
My guess would be that a) there is no perceived money in it for the battery manufacturers and b) why would the camera meter manufacturers want anyone using old kit when they could be buying all new stuff?
Then, too - battery technology has not come up with a suitable replacement for mercury cells in the sense that they put out a steady voltage until they croak. It has not been necessary, since why bother - there are voltage regulators in everything now? Oh wait - there are no voltage regulators in hearing aids. Too small, size matters a lot. OK, so here's the zinc-air type battery. Great for the battery manufacturers - they cost and have to be replaced often. I can hear those cash registers ringing now.
As to the vintage camera enthusiasts - well, screw them. They're not a large enough market force to be addressed by a major industry - too small to matter. But, there are cottage industries that will pop up to cater to any group of people, no matter how small. And thus we have Wein and people who make small-scale runs of battery voltage converters that slide between an alkaline battery and a camera meter in some fashion. Problem solved.
Believe it or not, there are not legions of families out there using Pentax Spotmatics (or whatever). Most have moved off them to either toss-away one-use cameras or digital if they're serious about their snapping. Enthusiasts have moved to modern cameras. That leaves us as a niche within a niche. A nice little profit center for someone, but not Ever-ready or Duracell.