initdb failing

Hello.

I installed cygwin on my windows xp machine with the postrgresql package. I
run the ipc-daemon2 & command and it goes thru but then I try to create a
cluster using initdb -D usr/local/database the following happens:

$ initdb -D usr/local/database
The files belonging to this database system will be owned by user "Owner".
This user must also own the server process.

The database cluster will be initialized with locale C.

creating directory usr/local/database... ok
creating directory usr/local/database/base... ok
creating directory usr/local/database/global... ok
creating directory usr/local/database/pg_xlog... ok
creating directory usr/local/database/pg_clog... ok
selecting default max_connections... Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
10
selecting default shared_buffers... Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
Signal 12
50
creating configuration files... ok
creating template1 database in usr/local/database/base/1... Signal 12

initdb: failed
initdb: removing data directory "usr/local/database"

Why does initdb fail for me?