Hi, Todd3465,
The rifle you are thinking about was the probably the Model 340, an inexpensive bolt action made from 1950-1985. It was fairly successful in terms of sales, but was never more than an low-level economy rifle for hunters who could not afford or did not appreciate quality guns. There were a couple of other Savage CF bolt actions pre-WWII, notably the Savage 1920 and the Model 40. Both are quite rare today and the 1920 has a decent collector value.
The Savage 99 was dropped for the same reason so many other good rifles fell by the wayside - it was machined out of solid steel and simply cost more to make than it could possibly sell for. As for quality, the 99 suffered a bit toward the end, but quality was never really bad. The old guns were, like most guns of the 1900-1940 era, made like watches.
Jim