libtool problem on OS X

[Jeff Carneal]

I'm trying to compile the latest svn sources (checked out about an  
hour ago) on OS X 10.4.8.  Looks like there is some kind of libtool  
trouble:

Making all in lib
Making all in libc
/bin/sh ../../libtool --tag=CC --mode=link gcc  -Werror -Wdeclaration- 
after-statement -Wno-pointer-sign -D_FORTIFY_SOURCE=2 -g  -g  -Wall - 
Wunused -Wmissing-prototypes -Wmissing-declarations  -Wno-unused  -g - 
o libc-missing.la   libc-missing-noop.lo  -lpopt -lm  -lm
rm -fr  .libs/libc-missing.a
ar cru .libs/libc-missing.a .libs/libc-missing-noop.o~ranlib .libs/ 
libc-missing.a  <----  OOPS?
ar: .libs/libc-missing-noop.o~ranlib: No such file or directory
make[3]: *** [libc-missing.la] Error 1
make[2]: *** [all-recursive] Error 1
make[1]: *** [all-recursive] Error 1
make: *** [all] Error 2

Obviously it is not correctly separating the 'ar' from the 'ranlib'  
command but I've never used libtool so I can't seem to find where to  
fix this.

/libtool line 201 says the following if it helps:

old_archive_cmds="\$AR \$AR_FLAGS \$oldlib\$oldobjs\$old_deplibs~\ 
$RANLIB \$oldlib"

Jeff