MacOSX module linking with static archive libtool problem

Seems to be a bug in libtool 1.4.3 when linking a module if you want
to use symbols out of an archive.  For example, inside of a package
that uses autoconf/automake/libtool, a command executes:

/bin/sh ../libtool --mode=link gcc -g -O2 -o module_ssl.la -rpath \ 
/usr/local/lib -module -avoid-version module_ssl_la-module_ssl.lo \
/usr/local/ssl/lib/libcrypto.a /usr/local/ssl/lib/libssl.a


This message appears:

*** Warning: Trying to link with static lib archive 
/usr/local/ssl/lib/libcrypto.a.
*** I have the capability to make that library automatically link in when
*** you link to this library.  But I can only do this if you have a
*** shared version of the library, which you do not appear to have
*** because the file extensions .a of this argument makes me believe
*** that it is just a static archive that I should not used here.

And does NOT link against libssl.a or libcrypto.a

But when I:
gcc -O2 -fno-common -flat_namespace -bundle -undefined suppress \
-o module_ssl.so module_ssl.c /usr/local/ssl/lib/libcrypto.a \
/usr/local/ssl/lib/libssl.a

This module links perfectly, and is fully loadable within my
main program.

Any assistance here would be greatly appreciated.  I'd really rather
not link against .dylib's as especially for SSL, I use 0.9.7a, and
don't want to overwrite the dylibs Apple provides in /usr/lib,
and the linker NEVER wants to link against the right dyamic version.

-Brad