Example snippet with the character at the end of the first and last words: http://imgur.com/bUGv8Yh
What does this character stand for?
That is the abbreviation for the suffix -us (or sometimes -os and -is as well, which one it is is determined by context). A person versed in Latin would have no difficulty understanding which suffix is meant. Scribes used these abbreviations quite often to save space and time. Here's a short introduction to the subject.
Your text has other abbreviations as well, the tilde in mebris and on top of the first i in iplicit(us) points to an omitted m (membris and implicitus).
It is an abbreviation. Spirit(funky S) was short for Spiritus. These were common in later hand copied documents.
There are lots of examples here: https://kuscholarworks.ku.edu/bitstream/handle/1808/1821/47cappelli.pdf
Even in modern times, pharmacists are expected to know the applicable abbreviations. 'c' with a bar over it is cum, 's' with a bar over it is sine.
This looks like early-modern printed typesetting and not medieval hand written paleography. Can you provide some context? Book title and author, date, etc.