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\begin{array}{c}\phantom{\times99}265\\\underline{\times\phantom{99}347}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times99}265\\\underline{\times\phantom{99}347}\\\phantom{\times9}1855\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 265 with 7. Write the result 1855 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times99}265\\\underline{\times\phantom{99}347}\\\phantom{\times9}1855\\\phantom{\times}1060\phantom{9}\\\end{array}
Now multiply the first number with the 2^{nd} digit in 2^{nd} number to get intermediate results. That is Multiply 265 with 4. Write the result 1060 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times99}265\\\underline{\times\phantom{99}347}\\\phantom{\times9}1855\\\phantom{\times}1060\phantom{9}\\\underline{\phantom{\times}795\phantom{99}}\\\end{array}
Now multiply the first number with the 3^{rd} digit in 2^{nd} number to get intermediate results. That is Multiply 265 with 3. Write the result 795 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times99}265\\\underline{\times\phantom{99}347}\\\phantom{\times9}1855\\\phantom{\times}1060\phantom{9}\\\underline{\phantom{\times}795\phantom{99}}\\\phantom{\times}91955\end{array}
Now add the intermediate results to get final answer.