I have experimented further with bjam input syntax, trying to follow the examples in http://www.boost.org/tools/build/v1/build_system.htm. Since I am currently interested in the filesystem library only, I added "--with-filesystem". This reduced the amount of output so that the CMD window's capacity was not exceeded. I discovered that the first thing going wrong was:
borland-C++-action bin\boost\libs\filesystem\build\boost_filesystem.dll\borland-
5_6_4\debug\exception.obj
C:\Boost\boost_1_33_1\libs\filesystem\build\../src/exception.cpp:
Fatal F1003
C:\Boost\boost_1_33_1\boost/filesystem/config.hpp 23: Error directive: Dynamic linking Boost.Filesystem does not work for
Borland; use static linking instead
*** 1 errors in Compile ***