This book "Synopsis of Elementary Results in Pure Mathematics" by George S. Carr has been published in 1886 and uses some old vocabulary (see "More explanations" below).
Let us rephrase the issue in a different way.
Let $(C)$ be the circle with center $(a,b)$ and radius $r$, i.e., with equation :
$$(x-a)^2+(y-b)^2-r^2=0$$
This circle induces two regions in the plane:
the set of points $(x,y)$ such that $(x-a)^2+(y-b)^2-r^2<0$ which is the interior of (C).
the set of points $(x,y)$ such that $(x-a)^2+(y-b)^2-r^2>0$ which is the exterior of (C).
This article "4160" expresses the equality between two ways of describing the power of an interior point $P$ with respect to circle $(C)$:
$$\mathfrak{P}(P,(C))=\begin{cases}(x-a)^2+(y-b)^2-r^2<0\\ \underbrace{\vec{PM}.\vec{PM'}}_{\text{dot product}}=\underbrace{-PM.PM'}_{\text{opposite of lengths' product}}=-PM^2\end{cases}$$
(see the answer by Blue to this question).
More explanations : The way one must understand the word "ordinates" is probably due to the fact that $OP$ is implicitly taken as a natural abscissa axis whereas the other one $MM'$ called traditionaly "conjugate", in this case the orthogonal axis to $OP$. Said otherwise : consider all lines parallel to $MM'$ : their midpoints are aligned along a line which is line $OP$ like in this recent question here.