I've stretched a few frames similar to that, I put a scissor jack between the stays and slowly crank it outward till it's tight and use my torch to heat the stays till they flex, crank a little more, heat, few more cranks of the jack, and repeat till it's about a 1/4 inch wider than it needs to be. Let it sit overnight with the jack in it to cool, loosen the jack and it normally springs back a 1/4 inch. Might work on old aluminum but no guarantees, it has worked on a smashed aluminum mongoose bike but it was newer. I have installed many a gear cluster hub on a cruiser frame like that. Biggest rule of thumb is TAKE YOUR TIME.
Hope this helps someone.
Also looks as though it is suffering from bent fork disorder.