We study the central extensions of the script N=1 superalgebras relevant to the soliton solutions with the axial geometry - strings, wall junctions, etc. A general expression valid in any four-dimensional gauge theory is obtained. We prove that the only gauge theory admitting BPS strings at weak coupling is supersymmetric electrodynamics with the Fayet-Iliopoulos term. The problem of the ambiguity of the (1/2,1/2) central charge in the generalized Wess-Zumino models and gauge theories with matter is addressed and solved. A possibility of existence of the BPS strings at strong coupling in script N=2 theories is discussed. A representation of different strings within the brane picture is presented.