The author treated of the analysis of stresses around a circular shaft without lining sunk in an elastic ground, in accordance with the results of investigation elaborated by H. Suzuki, and obtained the stress distribution by numerical calculation for some concrete examples. He then compared the results of the calculation with the results obtained by simple equation, supposed to be derived by treatment as a two dimensional problem, and found that the both results coincide very well. Being based on the fact mentioned above, he described the solution of the stresses around a circular shaft, in case one of the principal stresses in the virgine ground is vertical, and the two horizontal principal stresses have different magnitudes.