initdb fails

Hello,
yesterday (2001-11-06) I downloaded the complete cygwin-snapshot and tried to initialize postgres, but initdb failed with the following messages

"This database system will be initialized with username "User".
This user will own all the data files and must also own the server process.
Creating directory /usr/local/pgsql/data
Creating directory /usr/local/pgsql/data/base
Creating directory /usr/local/pgsql/data/global
Creating directory /usr/local/pgsql/data/pg_xlog
Creating template1 database in /usr/local/pgsql/data/base/1
DEBUG: database system was shut down at 2001-11-07 09:07:44 ('rem: I tried it out again today.... therefore today's date')
DEBUG: Ceckpoint record at (0, 8)
DEBUG: Redo record at (0, 8); Undo record at (0, 8); Shutdown TRUE
DEBUG: Next TransactionID: 514; Next0id: 16384
DEBUG: database system is in production state
Creating global relations in /usr/local/pgsql/data/global
DEBUG: database system was shut down at 2001-11-07 09:07:47
DEBUG: Ceckpoint record at (0, 112)
DEBUG: Redo record at (0, 112); Undo record at (0, 0); Shutdown TRUE
DEBUG: Next TransactionID: 514; Next0id: 17199
DEBUG: database system is in production state
Initializing pg_shadow.
Enabling unlimted row width for system tables.
Creating system views.
Loading pg_description.
Setting lastsysoid.
Vacuuming database.
Copyying template1 to template0.

Sucess. You can start the database server using:
/usr/bin/postmaster - D /usr/local/pgsql/data
or
/usr/bin/pg_ctl -D /usr/local/pgsql/data -l logfile"

When I then run postmaster -D /usr/local/pgsql/data I get the following messages:

"DEBUG: database system was shut down at 2001-11-07 09:08:14
DEBUG: CheckPoint record at (0, 1563240)
DEBUG: Redo record at (0, 1563240); Undo record at (0, 0); Shutdown TRUE
DEBUG: NextTransactionId: 615; Next0id: 18720
DEBUG: database system is in production state"

so, and then nothing goes anymore. I tried it out both under Win98 and Win 2000 and used cygipc 1.10-1 and the results were the same.
Can anybody help me??

Yours
Karin