It's got to be the version of tools installed, or maybe one of them missing (not a Slack guy, sorry). On my end it works as expected - with a fresh CVS update I get:
configure.ac: installing `./install-sh'
configure.ac: installing `./missing'
examples/Makefile.am: installing `./depcomp'
My versions of auto* are:
$ rpm -qa | grep ^auto
(ignore autofs of course) -- looks like the problem might be your old 2.50 autoconf? I've never had a problem building from CVS, it all just works as far as the auto* parts.