The warnings are normal.  Many of the warnings you are seeing come 
from support programs which are often compiled without the very
strict warning settings we use with GCC.  I believe a compile
with GCC uses "-ansi -pedantic -Wall -W", which triggers every
known warning GCC can throw.  :)
> make[4]: *** No rule to make target
> `/home/bhurt/code/wp/abi-0.7.4/src/Linux_2.2.5-15_i386_OBJ/obj/libAbi_libwv.a',
> needed by
> `/home/bhurt/code/wp/abi-0.7.4/src/Linux_2.2.5-15_i386_OBJ/bin/AbiWord_d'.
> Stop.
> 
> This is in .../src/wp/main/unix.  I do have the wv library- both the
> source code (in a sibling directory) and installed (having done a make
> install).  Is there something more I need to do?
Try uninstalling the libwv library, then do the build.  :)  With
wv as a peer, the library should be compiled and placed in the right
spot, and this message should go away.
-- Shaw Terwilliger