batch-byte-compile problem

[Neal Becker]

files 'mercurial.el' and 'mq.el' are in cwd.  I use '-L .' so that mq.el
will succeed with "(require 'mercurial)".  Why doesn't it work?

xemacs -batch -L . --no-site-file -f batch-byte-compile mq.el

  Loading dired-mule...
Reading directory /home/nbecker/fedora/mercurial/devel/mercurial-1.0/contrib/...
Reading directory /home/nbecker/fedora/mercurial/devel/mercurial-1.0/contrib/...done
Compiling /home/nbecker/fedora/mercurial/devel/mercurial-1.0/contrib/mq.el...
While compiling toplevel forms in file /home/nbecker/fedora/mercurial/devel/mercurial-1.0/contrib/mq.el:
  !! File error (("Cannot open load file" "mercurial"))
Done
>>Error occurred processing mq.el: Cannot open load file: "mercurial"