The term "49s" refers to strand count.
A) A solid wire is one strand and very stiff.
B) Three strands wound around one another to the same thinckness is a bit less strong but rather less stiff.
C) Six strands wound around a central strand for a total of seven strands is almost as strong and much less stiff
D) A tripple strand in the center with six more tripple-strands wound around that makes for 21 strands, just as strong and so unstiff you may now start calling it limp.
E) Winding six 7-strand groups (like item 'C' above) around a central 7-strand group gives a total of 49 strands ends up just as strong and now so limp going to a higher strand count would be silly.
-------------------
The term "40 pounds" refers to the test strength (not the breaking strength).
A "40 lbs test" wire should reliably suspend a gently settled dead weight of 40 pounds indefinitely. This is not the same as to say it would not break if subjected to a weight of 40 pounds dropped one foot taughtening a line that was formerly slack.
Safety issue: If you are using 40 lbs test wire for a necklace then pray that fastener breaks more easily. Forty pounds pressure on a wire around your neck would not be a good thing if you tripped and it cought on something...or if some unfriendly person gave it a yank. May as well walk around with a garrot for decoration.
-------------------
Just thought I'd chime in on this one. I'm not much into beading but came here looking for input on strong-but-limp stainless steel wire for use in a 10-million cycle fatigue and durability test rig I'm designing.
Gan Uesli Starling
Test Engineer